Wednesday, 1 April 2015
Last updated 2 hours ago
May 14 2009 | 10:35am ET
Hedge fund seeding firm FRM Capital Advisors plans to capitalize on the dire straits many hedge funds find themselves in with an infusion of up to $300 million.
FRM, a subsidiary of Financial Risk Management, plans to invest in as many as six managers this year, including its first in Asia, Bloomberg News reports. Two deals are expected to close next month, with the Asia investment coming in the third quarter.
“The pricing of deals has improved in favor of the seeders,” Patric de Gentile-Williams, chief operating officer of FRM, told Bloomberg. “You really get your complete choice of deals. We’re seeing lots and lots of very talented people.”
De Gentile-Williams said seeders can get 1% of a hedge fund firm’s fee income in exchange for “well below” $2 million. Just three years ago, it took almost $4 million.
FRM’s investments this year will be between $20 million and $100 million apiece, de Gentile-Williams said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…