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Alternative Market Briefing

Multiplicity awarded EUR 340 million realization mandate by large European bank

Wednesday, August 07, 2013

Benedicte Gravrand, Opalesque Geneva:

Last year, Multiplicity Partners was servicing an increasing number of long-term investors like pension funds, UHNWIs and family offices, which were losing patience with their hedge fund providers over their progress in liquidating side pockets or other illiquid or impaired investments.

Multiplicity is a Zurich, Switzerland-based independent investment boutique that helps investors liquidate their illiquid hedge fund investments.

Now the boutique is also helping a bank. It has just been appointed exclusive advisor by a major European bank to manage the realization of a EUR 340 million portfolio of complex investments involving fund structures in multiple on- and offshore jurisdictions.

Multiplicity will start by conducting extensive due diligence to cluster the positions and multitude of issues currently faced. Then, it will design effective realization strategies, addressing in particular divergent needs of different stakeholders involved.

When asked about the type of complex investments they will have to deal with, Thomas Ritter, Partner at Multiplicity, told Opalesque in an e-mail; "We are dealing with cross-border equity arbitrage strategies where the regulatory, legal and tax environment brought about some unforeseen changes that resulted in a structu......................

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