Fund launches & closures

NewAlpha ties up first closing for NewAlpha Genesis 4

by

 

Phillipe Paquet

Antoine Rolland

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