BNP Paribas is the latest investment management firm to jump on the hedge fund incubator bandwagon. The French bank is said to be looking to expand its hedge fund business and attract top talent with an incubating program run by managing director Mark Walker.
BNP has already created an advisory board of hedge fund and fund of funds luminaries. In exchange for their help in identifying future star managers, advisory board members will be able to invest with funds on the incubation platform well before they are open to other qualified investors.
The incubator platform will be launched under