By Claire Makin
The rollout of IMQubator's $328 million seeding platform in
January 2009 caused quite a stir in the industry. The venture
attracted unusual attention not least because IMQubator
requires its chosen managers to relocate the core of their
business to its premises in Amsterdam.
Other notable features are the platform's sponsor, APG,
which manages one of the largest pools of pension assets in the
world, and IMQubator's ambition to attract innovative
investment talent to the Netherlands. The idea is to "create
something like Silicon Valley, but for pension funds and asset
managers", says Jeroen Tielman, who is chief executive officer
of IMQ, the management company of the IMQubator platform, and
one of the brains behind the project.
As for relocating, yes, managers have moved (one even from
Singapore), and no, the requirement has not deterred far-flung
managers from applying for seed...