Wed, Dec 7, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released