Reuters – American International Group Inc’s asset management division has reached a joint venture agreement with Larch Lane to make seed funding investments in hedge funds.

The AIG Investments and Larch Lane venture expects to invest between $50 million and $200 million in each deal, according to a joint statement on Wednesday.

Larch Lane is an affiliate of Old Mutual Asset Management, the U.S. asset management group of Old Mutual Plc.

AIG Investments currently manages about $10 billion in hedge fund assets, spread among 130 hedge funds. Larch Lane has invested in 22 hedge fund start-ups over the last seven years, according to the statement.

"This venture gives us the opportunity to not only invest with up-and-coming managers, but to also participate more directly in the profit growth of a rapidly growing industry," said Robert Discolo, AIG Investments’ head of hedge fund strategies.

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LONDON (Reuters) – Polling and research group YouGov said on Monday it is aiming to raise up to $50 million (25 million pounds) for the launch of a hedge fund that will use polling data to highlight lucrative investment strategies.

The YouGov Alpha fund, which will be managed by investment boutique Four Capital, aims to gain an investment edge through YouGov’s research, which it believes can highlight areas where the stock market is being too optimistic or pessimistic, for example in retail sales.

"We’re looking to use it where the signals we get from the YouGov research are almost diametrically opposed to signals in the marketplace," said Four Capital fund manager Chris Rodgers, previously head of HSBC Halbis Partners’ UK Equity team and a senior fund manager at Schroders.

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Tags: blue-jays, extensive-network, government-regulators, investment-partners, long-time, private-research, sers, soft-commodities