Thu, Aug 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added