Signature Multi-Family Office Seeks Equity Funds
Norfolk, Virginia-based Signature, the fastest-growing multi-family office last year according to Bloomberg rankings, is evaluating hedged equity managers for allocations.
The firm, with $2.6 billion in assets, generally favors long/short, event-driven and longbiased managers, according to Chris Rusbuldt, principal.
Initial allocations range from $1 million to $20 million, Rusbuldt said in a telephone interview last week. Signature has about 20 percent to 25 percent of its assets in alternatives, a “significant” part of which is in hedge funds, he said. It is usually invested in 10 to 15 hedge fund managers and plans to maintain that number, he said.