Aventicum Capital, a joint venture between Credit Suisse and Qatar Holding, is planning to make a seed investment in a Geneva-based long/short equity hedge fund that will launch before the end of the year, according to Financial News.
The hedge fund will be run by an eight-member team led by Luca Mengoni, the former chief investment officer at hedge fund Pioneer Alternative Investments.
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Martin Keller, head of asset management for Europe, the Middle East and Africa at Credit Suisse, and chairman of Aventicum’s board, said: "Capital for start-up businesses is as scarce as ever. Aventicum is an asset management platform to host investment teams where we think we can create shareholder value by seeding them and helping them to raise further assets.
"One of the benefits of this partnership is that it allows us to seed and run businesses that we can no longer do in a bank-affiliated asset manager," Financial News quoted him saying.
Following the launch of the European long/short equity fund, Aventicum is also planning emerging markets credit and opportunistic real estate funds for early next year, then a private equity infrastructure project later in 2014, the publication reported.
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