Fund launches & closures

New Legacy sources emerging funds

by

Adam Geiger
New Legacy Capital in New York has launched its first fund fully dedicated to emerging managers with plans to capitalise on the upside that can be captured by managers under the radar with small capital bases.

At a time when funds of funds are no longer able to charge for accessing brand-name hedge funds, a market for finding, cultivating and mentoring new, younger, nimbler hedge funds is maturing.

“I feel the opportunity set with younger managers is the best it has been in my entire career,” said Adam Geiger, who started New Legacy