GSA Seeks $300 Million For Best-Ideas Fund

Jul 24 2008 | 10:20am ET

London-based GSA Capital plans to open its best-ideas hedge fund to outside investors, seeking as much as $300 million in new capital.

The firm will open its Alpha Capture Fund on Oct. 1, Reuters reports. GSA hopes to boost the size of the US$700 million fund to US$1 billion, at which point it will close.

GSA launched Alpha Capture on July 1, after running it as a strategy since last October. Much of the fund’s current assets come from a pair of GSA multi-strategy funds. The fund aims to use the best ideas from investment banks’ research departments, using their track records to rate their current recommendations. The fund process thousands of recommendations per day.

“A few years ago, there was a debate as to whether research departments have a value,” GSA partner Dan Squires told Reuters. “It’s now coming full circle and people are realizing that sales desks are very, very good at generating money-making ideas.”

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…