Acero Capital obtains seed capital from NewAlpha


Acero Capital Management, a New York-based hedge fund firm, has received an unspecified amount of capital from a seeding platform, NewAlpha Advisers, a subsidiary of ADI, the independent French alternative fund manager.

NewAlpha granted the capital in partnership with U.K.-based Fortune Group, a subsidiary of Close Brothers Group, a U.K.-based investment bank. Terms of the seeding arrangement were not disclosed, though it was described as a partnership in a NewAlpha press release. Officials for NewAlpha and Fortune Group could not be reached by press time.

John Santo Domingo and Thomas Vincent, both of whom were formerly TMT research