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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note