Wed, Jul 23, 2014
A A A
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)

Source

kb

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm