United Investment Managers and Aptima Capital Management have both recently announced plans to launch fund of hedge fund vehicles focused on emerging manager hedge funds. Both managers plan to launch their vehicles at the beginning of 2010. Aptima plans to invest between 10-15 managers and will invest in equity market neutral, CTA, niche, long/short equity and option trading strategies. This news follows the results of a recent Preqin study which demonstrated that institutional backing for start-up and emerging managers is still as strong as ever despite the market turbulence of 2008. Approximately 60% of all institutional investors look to invest in emerging manager vehicles – an increase of 8% from 2008.
For more information on fund of hedge funds and institutional investors in hedge funds, please see Preqin’s Hedge Investor Profiles.