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Komfie Manalo, Opalesque Asia: Multi-strategy hedge fund manager, Deimos Asset Management LLC, announced the recent launch of its new hedge fund management business. One of Canada’s biggest pension funds and global alternative asset manager Ares Management, L.P., has made a strategic investment in Deimos.
Deimos launched its operations with nine investment strategies focusing initially on the U.S. and Europe with plans to expand into additional markets over time, the company said in a statement.
"We could not be more pleased to be working with Ares and to have Ontario Teachers' as an anchor investor," said Loren Katzovitz, one of Deimos' Managing Partners. "Ares possesses a world-class distribution and marketing team which will be invaluable to us as we expand our hedge fund offerings. We look forward to building this business and executing on what we see as a very large opportunity within the hedge fund space."
Deimos was formed through a management buyout of Guggenheim Global Trading, LLC, the former multi-manager, multi-strategy hedge fund platform of Guggenheim Partners. Ontario Teachers' Pension Plan is an anchor investor in Deimos' multi-strategy product through a managed account platform.
"Having known the partners of Deimos professionally for many years, we are excited to work with thi...................... To view our full article Click here
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