AIG, Larch Lane To Seed Hedge Funds

Jun 4 2008 | 8:47am ET

AIG Investments and Larch Lane Advisors have formed a joint venture to make seed investments in hedge fund start-ups, teams leaving established hedge funds, and established hedge funds in need of restructuring. The JV will invest between $50 million to 200 million per deal across a wide range of hedge fund strategies and geographies. 

AIG Investments currently manages over $10 billion of hedge fund assets in more than 130 hedge funds, including emerging managers.  Larch Lane, the alternative investment affiliate of Old Mutual Asset Management, has made a total of 22 seed investments over the course of the last seven years. 

“Talented investors are leaving large hedge funds to start their own businesses, but many of them have not been able to reach their capital targets,” said Mark Jurish, Larch Lane’s chief executive. “The current supply/demand imbalance for start-up hedge fund capital represents the best seeding opportunity I’ve ever seen.”


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