NewAlpha has announced the launch of NewAlpha Genesis 4, its fourth hedge fund seeding vehicle for institutional investors.

NewAlpha Genesis 4 is a contractual fund currently being established with a view to invest in French and foreign hedge funds ran by early-stage fund managers.

NewAlpha AM aims to raise €200 million from European institutional investors, family offices, private banks and sovereign funds. The closing date is scheduled for end-October 2010.

Antoine Rolland, NewAlpha’s CEO and CIO, believes: “The crisis in 2008 prompted investors to pool their positions with the most established managers, generating major concentration risks and depriving them from the innovative potential offered by smaller, young fund managers. These early-stage managers deliver higher returns, mainly due to their relatively pure investment style and their adaptability to increasingly turbulent market conditions.”

NewAlpha’s investor relations managers, Philippe Paquet and Clarisse Anger, commented: “NewAlpha Genesis 4 offers institutional investors an attractive diversification vehicle by providing them with transparent access to the most promising hedge fund managers and enabling them to participate to their growth. Aligning the interests of seeded fund managers and institutional investors is a strategy that is very much appreciated in today’s market.”