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Swiss family office IDS Capital seeks biz dev partner, plots CTA fund rollout


The multi-family office is dangling an equity stake to lure a business development partner who can greatly expand its $50 million asset management practice.

IDS Capital, a Geneva multi-family office specializing in hedge fund investments, is looking to hire a new partner to mastermind its business development activities, including the launch of its first single-manager hedge fund, a CTA that is being incubated internally.

Founder and managing director Cedric van Rijckevorsel said that the appointed individual would receive a small equity stake, which could rise to roughly one-third of total firm equity if he succeeds in growing the firm's $50 million discretionary asset management business to between $500 million and $1 billion.

IDS manages money for an undisclosed number of wealthy families.