Mon, Jul 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Ex-SSARIS leaders re-emerge as Ridgedale Advisors

Monday, August 28, 2017

amb
Paul Lucek
Benedicte Gravrand, Opalesque Geneva for New Managers:

State Street Global Advisors sold a majority stake in its hedge fund unit SSARIS Advisors to the unit's senior management at the end of 2014, and alternative fund manager Investcorp acquired its hedge fund of fund business unit a year later. But in 2016, SSARIS had to close its doors following heavy redemptions.

CIO Paul Lucek and CEO Mark Rosenberg, two veteran investors who had been at SSARIS for over ten years, then started receiving calls from former clients.

"When we wound down SSARIS and returned client capital, many clients said they were interested in continuing to work with us," Lucek explains to Opalesque. "The truth is our investment philosophy had been successful for them, and it would have been easier to wind down if we were under performing but we weren't. I began discussions with Peter Gorman and other former SSARIS individuals who wanted to resume our work and we f......................

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. Northern Trust combines private equity and hedge fund admin units[more]

    From GlobalCustodian: Northern Trust has merged its private equity and hedge fund administration businesses to create a new North America Alternative Fund Services unit. The new division will provide fund administration, accounting and data solutions to its global hedge funds, private equity manager

  2. 7 ETFs that act like a hedge fund[more]

    From US News: To say 2018 has been volatile for investors borders on understatement. The first quarter saw the CBOE Volatility Index spike. Stocks churned in Q2 as the Federal Reserve raised rates again and signaled continued tightening to come. And the third quarter is off to a choppy start, thanks

  3. Investing - Hedge funds circle around debt-binge firms, Hedge funds pin macro hopes more on U.S. yield[more]

    Hedge funds circle around debt-binge firms From Bloomberg.com: Hedge funds and private equity firms are positioning to profit from the collapse of companies in Europe that have binged on debt. Investors have built up their distressed debt businesses by the most in at least two years in t

  4. Funds of hedge funds are opening at a record pace in China[more]

    From Bloomberg: An investment offering that most of the world has shunned is suddenly all the rage in China, and money managers from UBS Group AG to SkyBridge Capital are moving to grab a slice of the bounty. Funds of hedge funds, which allocate client money across multiple managers, are opening

  5. Preqin: Hedge funds take a dip in June[more]

    From AI-CIO.com: Hedge funds tripped again in June, recording the asset class' third negative month, as gauged by the 2018 Preqin All-Strategies Hedge Fund benchmark. June saw a 0.5% loss for the benchmark, giving the standard its worst start to a year in more than a decade. That benchmark is barely