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Bailey McCann, Opalesque New York: Paris-based multi-boutique iM Global Partner has made an investment in Sirios Capital Management, a $2.3 billion, Boston-based investment firm. iM Global Partner makes minority investments in asset managers throughout the world.
Sirios says that the investment will serve as a source of permanent capital for its investment strategies and will also support client service in the US and abroad. Sirios launched its hedge fund strategy in 1999 and added a concentrated long strategy in 2005, followed by the liquid alternatives strategy in 2014. The hedge fund runs an equity long/short strategy focused on mid and large-cap stocks in the US.
iM Global Partner will provide Sirios with select client service, sales and marketing support, as well as access to its U.S. distribution platform, launched earlier this year.
"We are very interested in investing in boutique firms," Philippe Couvrecelle, chairman and CEO of iM Global Partner, tells Opalesque. "We think they each have a unique DNA. In the case of Sirios we like what they are doing from a trading perspective."
iM Global Partner previously acquired minority stakes in two U.S. asset managers: Polen Capital, an independent management firm that specializes in growth stocks, and Dolan McEniry Capital Management, which specializes in US corporate bonds. According to Couvrecelle, iM Global Partner plans to invest $500 million in boutique managers over the next 2-3 years. He expects to ...................... To view our full article Click here
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