RBC Capital Markets to invest in emerging manager hedge funds
RBC Capital Markets has launched the RBC Emerging Manager Allocator platform, a proprietary pool of capital structured to invest in a diversified group of emerging manager hedge funds with a demonstrated ability in alternative investing.
In conjunction with the bank's global prime services group, the RBC Emerging Manager Allocator builds on what RBC says is its longstanding commitment to early-stage hedge funds.
'These managers have abundant talent and a strong desire to succeed and grow, but they face an enormous challenge - balancing running a business while focusing on fund performance,' says Jeremy Frommer, head of global prime services for RBC Capital Markets.
'By investing in their funds at an early stage and providing access to RBC's full suite of products and services, the platform aligns the firm's resources with the underlying manager's business and creates a greater opportunity for success.'
To identify prospective investments, RBC Capital Markets conducts a proprietary evaluation process focused on emerging manager hedge funds across multiple asset classes and strategies that meet a comprehensive set of investment criteria. Selected funds typically manage assets of between USD5m and USD200m.
RBC Capital Markets is the corporate and investment banking arm of RBC and is active in debt origination, sales and trading, foreign exchange, infrastructure finance, structured products, metals and mining, and energy. Its North American platform includes equity underwriting, sales, trading and research businesses and a significant US middle-market investment banking franchise.
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