SEB capitalises on the Volcker Rule to launch second Manager Catalyst Fund
Wed Apr 4, 2012
The Nordic bank has merged its various hedge fund units to create an alternatives power house
By Claire Makin
The alternatives business at Nordic financial services group
SEB is proof that entrepreneurial teams can flourish inside
large banks. Started under Eric Hoh, a 17-year veteran of the
bank, the team has a long history of hedge fund seeding and a
less formal approach than many of its competitors.
Common sense and experience rather than rigid parameters
govern the process. "We try to be as unconstrained as possible,
and flexible in negotiating with managers," Hoh says.
SEB launched its first formal hedge fund seeding platform in
2003 to invest risk capital on the bank’s own
behalf, and since then has raised more than $550 million from
investors to channel into early-stage managers. The bank itself
began providing finance to hedge funds from as early as 1997,
along with prime brokerage and other services.
On the back of its long pedigree of...
ISSN: 2151-1845 / CDC10004H
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