Mon, May 22, 2017
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. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Opalesque Roundtable: Rise of high-frequency trading in Europe a challenge for traditional asset managers[more]

    Komfie Manalo, Opalesque Asia: The rise of high-frequency trading in Europe, dominating over 80% of the market, has become a challenge for traditional asset managers especially when it comes to risk management, said Philippe Malaise, chairman of advisory firm