Finles Capital Management, the Utrecht-based asset manager, is preparing an investable version of its Dutch hedge fund index.
The firm wants to attract more institutional money into the growing single-manager hedge fund industry in the Netherlands, and has lined up $16 million in seed capital ahead of launching the Dutch Hedge Fund Tracker on 3 May.
It is being tailored to requirements specified by its anchor investor, the insurance company Paerel, which has committed $10 million. The other $6 million has come from a small number of wealth managers.
Finles runs an index that tracks 27 hedge funds run