Alceda Fund Management of Luxembourg says it wants to attract smaller and medium sized hedge fund managers for its UCITS platform.
Platforms run by banks usually only consider funds that are more than $250 million in assets or funds that they think can gain those assets under management fairly quickly – which usually results in small niche hedge fund managers being under serviced, company officers believe.
Hamid Parsa from Alceda
Hamid Parsa, director of institutional sales for Luxembourg-based Alceda, says that providing the fund manager has passed the appropriate due diligence a hedge fund manager that has a little as $20 million seeding can go onto its platform.
Alceda has more than 100 funds on its