Third-party hedge fund marketing firm Agecroft Partners is looking to add a new hedge fund in the first quarter of 2014.
Virginia-based Agecroft announced Tuesday that it is beginning the due diligence process in identifying top hedge fund firms that meet its selection criteria.
The selection process includes “sourcing initial candidates through referrals from investors and prime brokers, trade publications, direct contacts from hedge funds and screening multiple hedge fund databases,” which will then be narrowed down through a combination of “quantitative and qualitative screens.”
Agecroft was founded in 2007 by Donald Steinbrugge, a former Andor Capital Management and Merrill Lynch salesman. The firm, located in Alexandria, Va., raised over a billion dollars in 2012, with a majority of the assets raised coming from pension funds and endowments.