Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investcorp appoints David Bruce to Co Head of North America Institutional Sales for hedge funds business

Monday, November 08, 2010
Opalesque Industry Update - Alternative asset manager Investcorp today announced the appointment of David Bruce as a managing director and co-head of North America institutional sales for its hedge fund business. At the corporate level, David will report to Deepak Gurnani, Investcorp’s head of hedge funds and chief investment officer, and will be responsible for marketing and client service across institutional channels together with co-head Lofton Holder.

David joins Investcorp after twelve years with Barclays Global Investor where he was a managing director responsible for leading the business development and strategic account client relationship teams in the Americas Institutional Business group. Before that, David was at California Federal Bank, F.S.B. where he was financial planning and analysis director.

“We’re continuing to invest in high-caliber people such as David to build on our achievements of the past year,” said Deepak Gurnani. “We’ve had a highly successful twelve months in which we raised $1.1 billion in new hedge fund assets, much of it from US institutions. David joining is a sign of our continued commitment towards servicing and advising North American institutions. Our longstanding experience in managed accounts, together with a significant commitment to innovative research into the underlying drivers of hedge fund returns and risks has been particularly persuasive to investors.”

Investcorp’s hedge fund business currently manages a range of customised hedge fund portfolios, funds of hedge funds and structured fund products on behalf of the firm’s institutional and private clients. The underlying hedge fund managers invest in a variety of strategies and liquid financial instruments, including equities, bonds, currencies, and derivatives. In addition, through the Investcorp Single Manager Platform, Investcorp provides investors with access to experienced individual managers across a range of investment strategies. At June 30, 2010, total hedge fund assets under management stood at $4.7 billion.

(press release)



What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko