FCA to seed fledgling managers

FRM Capital Advisors (FCA) has launched the Catalyst fund to provide seed capital to talented early-...

FRM Capital Advisors (FCA) has launched the Catalyst fund to provide seed capital to talented early-stage hedge fund managers. FCA, formed by global fund of hedge funds group Financial Risk Management, is targeting $1bn in assets under management and intends to close the Catalyst fund to new investors during 2008. The fund will make significant investments in the underlying vehicles of promising early-stage/start-up hedge fund managers. FCA will also provide strategic guidance to assist managers in reaching institutional standards in areas such as governance and structuring, operation...