Hedge Funds

Seeding platform just the start


Apparently having made the innovative decision that hedge funds themselves make the best incubators, Merrill Lynch is looking to sign up five or six big hedge fund operations to mimic a seeding platform it just launched with Pequot Capital.

Which other funds the bank is speaking with is not clear, but industry insiders expect it to look a lot like the venture that it has bankrolled with $300 million of the firm's own money at Art Samberg's $6.7 billion Stamford, Conn. firm. And if it is successful, other banks are expected to follow.