NewAlpha Woori venture prepares $200m seeding vehicle

Thu Jun 23, 2011

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Paris-based hedge fund seeder NewAlpha Asset Management and its partner Singapore-based Woori Absolute Partners (WAP) are gearing up to establish a $200 million seeding vehicle for start-up hedge funds in the region.

Both companies announced their partnership last week, saying they will invest in emerging managers and source investing capital from European and Asian institutions.

The East-West alliance was struck just a few weeks after an announcement that both...

ISSN: 2151-1845 / CDC10004H

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