Launches & Closures

NewAlpha closes fourth seeding fund with $150m


NewAlpha 4 Genesis has completed its first closing of $150 million raised from French and Swiss institutional investors. NewAlpha Asset Management is considering a final closing in late July 2011 with an asset target of $250 million.

The fund aims to invest in hedge funds offered by early stage hedge fund managers and structure with those a strategic partnership through an income sharing scheme on one side and support in risk control and fund raising on the other side.

Antoine Rolland, chief executive officer of NewAlpha Asset Management, said: “Despite the cautious attitude of institutional investors towards alternatives,