Fri, Feb 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Pacific Investments to set up a new absolute return fund management business

Wednesday, January 12, 2011
Opalesque Industry Update -Pacific Investments, the London-based private investment vehicle of Sir John Beckwith, announced that it is establishing a new absolute return fund management business. Rod Barker, formerly a partner at International Standard Asset Management with Stanley Fink, is joining the new venture as partner and CEO.

The new business, set to launch at the beginning of Q2 2011, will focus on absolute return strategies which will offer returns uncorrelated with traditional asset classes.

Commenting on the announcement, Mark Johnson, CEO of Pacific Investments, said: “Rod brings with him considerable experience, intellectual capital and a proven track record in the hedge fund industry. Having developed successful fund management businesses such as River & Mercantile Asset Management, Thames River Capital, Liontrust, Europa Capital, Pacific Real Estate Capital Partners and Alpha Real Capital, we at Pacific are excited about the opportunity to establish and grow a multi asset class platform at this stage of the economic and market cycle.”

In addition to the support and backing of Pacific Investments, the new company is delighted to announce that IPGL, the specialist financial services investor that is majority owned by Michael Spencer, Group CEO of ICAP, together with his wife and family trusts; and Jim Pettigrew, former FD of ICAP and COO of Ashmore and currently a non executive director of Hermes, Aberdeen Asset Management and Royal Bank of Canada (Europe) will become minority partners in the business.

Rod Barker adds: “ISAM is at an exciting stage of its business development and it has been a difficult decision to leave. I have enormous respect for Stanley and the ISAM team and have no doubt that the business will grow and flourish under Stanley’s leadership. However the opportunity to be CEO of a new business with the backing, support and pedigree of Pacific Investments and the other partners is exciting and compelling and I look forward to the challenges ahead.”

(press release, 11th Jan. 2011)

www.pacificinvestments.com


Bg

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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac