Reuters- Hedge fund firm GSA Capital plans to raise a further $200-$300 million for its new Alpha Capture fund, which aims to use top stock ideas from investment banks for its trades, the company told Reuters. Alpha Capture, which was launched as a hedge fund on July 1, has $700 million in assets due in part to investments by two GSA multi-strategy funds. It will open for external investment on Oct 1 and is likely to be closed at $1 billion, it said recently.
Alpha Capture is a market neutral portfolio that aims to take the best stock ideas from investment banks by analysing their track record of recommendations.
