Sunday, 28 December 2014
Last updated 2 hours ago
Feb 4 2008 | 9:04am ET
RBC Capital Markets has just launched a new platform that will invest in emerging hedge fund managers.
According to the firm, the RBC Emerging Manager Allocator platform is a proprietary pool of capital that will be invested in a diversified group of early-stage hedge funds, which many reports suggest outperform their more seasoned hedge fund peers.
"These managers have abundant talent and a strong desire to succeed and grow, but they face an enormous challenge, balancing running a business while focusing on fund performance," said Jeremy Frommer, head of Global Prime Services for RBC Capital Markets.
"By investing in their funds at an early stage and providing access to RBC's full suite of products and services, the platform aligns the firm's resources with the underlying manager's business and creates a greater opportunity for success."
In addition to being relatively new vehicles, the hedge funds that RBC will look at closely will typically manage between $5 million and $200 million in assets.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.