Robeco Group NV and VCM Fund Management LLP have formed a new London-based emerging hedge fund platform. Robeco provides its international distribution capabilities and substantial seed capital to promote emerging portfolio managers. VCM FM brings its management infrastructure including risk control, compliance, operations and legal support. Robeco is also taking a minority equity stake in VCM FM.
VCM FM is expected to launch up to four new hedge funds per year, each with likely seed funding of between USD 10m - USD 25m per fund, over a range of different strategies. The funds offer exposure to an extended and diversified platform of strategies of emerging hedge funds for institutional investors, family offices and high net worth individuals. They will be seeded from the Robeco VCM Emerging Managers Fund, a Luxembourg based SICAV, which will act as a fund-of-funds.
VCM FM is headed by Roderick Wurfbain and Simon Clowes. Commenting on the prospects for the platform, they stated: 'We are delighted to have formed this platform with such a prestigious asset manager as Robeco. Our experience in managing emerging hedge funds, together with the capabilities available from Robeco, should significantly accelerate our growth and enable us to deliver true alpha to investors.'
George Möller, Chief Executive Officer of Robeco said: 'VCM FM is an experienced emerging hedge fund manager with whom we are pleased to be forming this alliance. There are some high quality emerging hedge fund managers who lack the requisite infrastructure and the initial funding to make the most of their potential. This initiative should provide them with back-up in key areas enabling them to get off to a good start and become the stars of the future.'
'We anticipate this new platform will develop quickly as a result of VCM FM's skills and expertise and our complementary distribution network. The emerging funds of hedge funds are a valuable addition to Robeco's international offering of funds of hedge funds and single strategy hedge funds, like Robeco Sage, Transtrend, WPG and AIM.'