NewAlpha Asset Management, the Paris-based seeding firm and subsidiary of French asset management group OFI, has launched its fourth hedge fund seeding vehicle for institutional investors. NewAlpha Genesis 4 will invest in hedge funds run by early-stage managers based in France and abroad. The firm aims to raise €200 million for the new fund.
“The crisis in 2008 prompted investors to pool their positions with the most established managers, generating major concentration risks and depriving them from the innovative potential offered by smaller, young fund managers,” said Antoine Rolland, NewAlpha’s CEO and CIO. “These early-stage managers deliver higher returns,