Noble Asset Management made its debut today, offering a platform for investing in European emerging hedge fund managers. Based in London, Noble will offer institutional, family office and high-net-worth investors access to new hedge fund managers through direct investment, customized portfolios, structured portfolios and hedge funds of funds, said Shabir Chowdhary, managing director.
Mr. Chowdhary said the company's first fund will open within the next few weeks and investors likely will be evenly split between institutional and high-net-worth clients; seed money is coming from a large institutional investor that Mr. Chowdhary declined to identify. Another fund launch later this year will be seeded by a group of family offices. Strong interest has been expressed by U.S. endowments, foundations and hedge funds of funds seeking future capacity guarantees in the funds of the early stage managers NAM will offer on its platform, Mr. Chowdhary said.