US - Venture capitalists BRI Partners has launched a new hedge fund incubator for fledgling funds.
The firm aims to provide investment capital together with marketing, administrative, legal and compliance services to support and develop start-up and early stage hedge fund managers.
So far, the Chicago-based BRI has raised $345m in investment capital across European and US financial institutions, including prime brokers Bear Stearns & Co. The firm aims to retain a global focus.
The firm has already seeded two undisclosed hedge funds operated and intends to further build its portfolio by investing in hedge funds across a variety of strategies.
By Madhu Kalia
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.