Opalesque Industry Update – MAG Consultancy announces it has restructured the joint venture between MSS Capital Limited (part of the WHL Group) and IGS Alternative Investment Solutions LLP (part of the IGS Group). |
From 8 September 2010, MAG Consultancy became 100% owned by MSS Capital Limited and an integrated member of the WHL Group of companies. As a consequence of the restructuring, both the IGS Group and John Godden have ceased to have any partnership interest or role in MAG Consultancy. Simon Hookway continues in his capacity as Managing Partner.
MAG Consultancy looks forward to continuing the work it has carried out over the past 21 months. The strategy and purpose of MAG Consultancy will not change as consequence of the restructuring and the management team will continue to further MAG’s work within the managed account space, delivering governance, risk management, and best practice solutions to service providers, asset managers and asset owners.
Grounded on a core competence in segregated managed accounts and alternative infrastructure, MAG offers buy and sell side investors, asset owners and service providers fully integrated solutions for their selection, diligence, investing infrastructure, risk management, portfolio construction and commercial office need. MAG is a member of the WHL group and advises in excess of $100 billion of third party investor assets. www.magconsultancy.com.
MSS Capital (MSS) is an independent multi-asset management company formed 2001. Using a multidisciplinary team of seasoned investment professionals, MSS develops, launches, advises and manages innovative structures, funds and investment vehicles. MSS launches have included hedge funds, fund of funds, hedge fund indices, structured products, real estate funds and other alternative asset class products such as physical timberland and agro-forestry. MSS is a member of the WHL group. www.msscapital.com.