NewAlpha ties up first closing for NewAlpha Genesis 4
Thu Mar 3, 2011
NewAlpha Asset Management has completed its first closing of
$150 million for NewAlpha Genesis 4 raised from French and
Swiss institutional investors and family offices. Like the
previous three funds, this new fund aims to invest in hedge
funds offered by early stage hedge fund managers and structure
with them a strategic partnership through an income sharing
scheme on one side and support in risk control and fund raising
on the other side. New Alpha is considering a final closing in
late July 2011 with an asset target of $250 million.
Antoine Rolland, chief executive officer of Asset Management
NewAlpha, said: "Despite the cautious attitude of institutional
investors towards alternatives, this first closing confirms the
interest of institutional investors for hedge fund seeding. It
is also a strong sign of trust for NewAlpha’s
business model and team because all of our investors of the
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active InvestHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to InvestHedge.
Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.