By Claire Makin
Hans Hurschler, head of Hedge Fund Ventures, the newly
re-branded seeding platform of Man Group, has developed a
distinctive approach to seeding emerging managers in the seven
years that he has been in the business. He and his team look
for a crucial window of opportunity in timing a deal, aim to
end the relationship after what looks like an impossibly short
time, and do not believe in hand-holding managers.
"We invest $50 million and take it back after two years. That's
the way we operate," he says. (Fee-sharing continues for a
further three years.) What services are offered besides money?
"None," is the simple response.
If this seems to be a rather take-it-or-leave-it
arrangement, Hurschler points out that deals are designed to
make economic sense for everyone involved, that $50 million is,
after all, "a chunky ticket", and that managers gain the stamp