HedgeCo - Specialist asset management company, IMC asset management, announced the hiring of a team of four senior investment professionals, and the launch of investment grade corporate capability platform.
The investment grade platform consisting of a long/short and a long-only capability, it will be formally launched and open to clients on 1st June 2010.
The team joins from Lombard Odier Darier Hentsch (LODH). Rodrigo Araya, who joins IMCam as Head of Investment Grade Credit Strategies, was responsible for the entire fixed income business at LODH while continuing to directly head the credit business.
The other team members joining are Oscar Jansen (who joins as Senior Portfolio Manager), Robert Manning (Head of Investment Grade Credit analysis) and Henk Wiersma (Senior Investment Grade Credit Analyst), who were running several high performing credit mandates and funds at LODH.
“The addition of this highly experienced and successful team will significantly expand the scope of asset management credit strategies delivered by IMCam to our institutional and HNWI client base." Sander Nieuwland, CEO of IMCam commented, "We are delighted to welcome such high quality individuals, with a very strong nine year track record, and a shared vision of excellence. We believe credit is an important area of opportunity for investors and in these turbulent markets there is a greater need for talent and experience than ever."
IMCam, part of the IMC Group, established in 1998, is a specialist asset manager of European and US credit products, including distressed debt and asset-backed securities.
Other recent key hires which reinforce IMCam’s ambitious growth plans and expansion into new business areas include W. Gregory Drennen – Head of US Structured Debt (ex Clinton Group, Goldman Sachs and Citigroup), Jan-Hein Cremers – Head of Behavioural Quantitative Management (FDO Partners and State Street) and Vivina Berla – MD Business Development and Investor Relations (ex Merrill Lynch and Gartmore)
17 May 2010
Man Merger Launches $63 Billion Hedge Fund
HedgeCo News - Hedge fund giant Man Group has created a hedge fund managing $63 billion after acquiring rival $23.7 billion hedge fund GLG Partners in a $1.6 billion in deal.
“I am delighted to announce Man's proposed acquisition of GLG to create a diversified, world-leading alternative investment manager with $63 billion in funds under management." Jon Aisbitt, Chairman of Man, said, "It is central to Man's stated strategy of acquiring high quality discretionary investment management capability to broaden our range of diversified, liquid strategies for the benefit of our investors."
The acquisition will be implemented by way of a merger, creating a diversified, world-leading alternative investment manager with an emphasis on liquid strategies, positioned to benefit from the expected continued growth in onshore hedge funds globally.
"The structure of the transaction allows us to retain vital focus and commitment to performance whilst integrating Man's leading structuring and distribution capabilities to the advantage of investors and shareholders alike." Peter Clarke, Chief Executive of Man, said, "We have deployed surplus capital in an earnings enhancing transaction to access savings, balance our investment strategies, and created a powerful business from which we can grow organically.
The deal will be closed by the end of September.
“I am delighted to announce Man's proposed acquisition of GLG to create a diversified, world-leading alternative investment manager with $63 billion in funds under management." Jon Aisbitt, Chairman of Man, said, "It is central to Man's stated strategy of acquiring high quality discretionary investment management capability to broaden our range of diversified, liquid strategies for the benefit of our investors."
The acquisition will be implemented by way of a merger, creating a diversified, world-leading alternative investment manager with an emphasis on liquid strategies, positioned to benefit from the expected continued growth in onshore hedge funds globally.
"The structure of the transaction allows us to retain vital focus and commitment to performance whilst integrating Man's leading structuring and distribution capabilities to the advantage of investors and shareholders alike." Peter Clarke, Chief Executive of Man, said, "We have deployed surplus capital in an earnings enhancing transaction to access savings, balance our investment strategies, and created a powerful business from which we can grow organically.
The deal will be closed by the end of September.
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