Small managers and mainstream strategies are key to Protégé's success

Tue Mar 2, 2010



The competition for seeding from Protégé is tough, but the rewards are well worth it


The competition for seeding from Protégé is tough, but the rewards are well worth it

Managers looking to New York's Protégé Partners for seed capital face an unusually tough uphill slog. They will be competing not only with rival startups but with other small managers for Protégé's money.

 
Jeffrey Tarrant and Ted Seides


It is this group of managers that Protégé targets, in the belief that small hedge funds are better investments than large ones, for all sorts of reasons. Because there is no dedicated pool of seed capital "our bar is higher for seeds," concedes Ted Seides, co-founder and senior managing director of investments at Protégé.

Winning a seed mandate from Protégé is even more competitive because the partners generally prefer those start-ups that follow mainstream strategies. This is a different proposition...

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