RBC Capital Markets to invest in emerging manager hedge
funds
NEW YORK, February 4, 2008 — RBC Capital Markets
today announced the launch of the RBC Emerging Manager Allocator
platform, a proprietary pool of capital that is structured
to invest in a diversified group of emerging manager hedge
funds with a demonstrated ability in alternative investing.
In conjunction with RBC's Global Prime Services Group, the
RBC Emerging Manager Allocator builds on RBC's long-standing
commitment to early-stage hedge funds.
"These managers have abundant talent and a strong desire
to succeed and grow, but they face an enormous challenge -
balancing running a business while focusing on fund performance,"
said Jeremy Frommer, head of Global Prime Services for RBC
Capital Markets. "By investing in their funds at an early
stage and providing access to RBC's full suite of products
and services, the platform aligns the firm's resources with
the underlying manager's business and creates a greater opportunity
for success."
To identify prospective investments, RBC Capital Markets
conducts a proprietary evaluation process focused on emerging
manager hedge funds across multiple asset classes and strategies
that meet a comprehensive set of investment criteria. Selected
funds typically manage between $5 million and $200 million
in assets.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is active globally in debt origination, sales
and trading, foreign exchange, infrastructure finance, structured
products, metals and mining, and energy. Its North American
platform includes leading equity, underwriting, sales, trading
and research businesses and a significant U.S. middle market
investment banking franchise. Bloomberg ranks the firm as
one of the Top 20 investment banks globally.
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For inquiries, please contact:
Sharon Solomon, RBC Capital Markets, (212) 905-5742, sharon.solomon@rbccm.com
Kevin Foster, RBC Capital Markets, (212) 428-6902, kevin.foster@rbccm.com
Loretta A. Healy, The Hubbell Group, Inc. (781) 878-8882,
lhealy@hubbellgroup.com
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