Fri, Jul 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

William Blair & Co announces acquisition of Guidance Capital LLC

Thursday, January 20, 2011
Opalesque Industry Update - William Blair & Company, a global investment firm, today announced an agreement to acquire certain assets of Guidance Capital LLC, a specialist in developing and managing multi- manager hedge fund of funds strategies. William Blair & Company expects to complete the transaction in the first quarter of 2011; financial terms will not be disclosed.

“Our strategy is centered around meeting the evolving needs of our clients through active, disciplined management. We believe this addition closely complements and enhances our existing investment capabilities,” said Michelle R. Seitz, CFA, head of William Blair Investment Management and a member of the firm’s executive committee. “Guidance Capital gives us added perspective on the investment landscape. They will continue to operate as they successfully have to date, but will actively collaborate to leverage our broad intellectual talent for the benefit of all our clients.”

Guidance Capital was founded in 2001 and has offices in Chicago and Delaware. The firm manages a series of hedge fund of funds that fall under the broad categories of absolute-return, equity long/short, commodities, and managed futures strategies. The team of investment professionals currently located in Chicago will relocate to William Blair’s Chicago headquarters and will maintain its existing, independent, time-tested research and investment processes. William Blair & Company will maintain the existing Guidance Capital office in Delaware for the employees currently located in Delaware.

“We have known and respected the Guidance Capital team for many years. Their deep knowledge of the fund of hedge funds business is consistent with the depth and experience of all our investment teams,” said Michelle R. Seitz. “They have a very focused research and investment culture centered around providing client solutions. The cultural fit with us is very strong.”

Brian Ziv, one of the principals and founders of Guidance Capital said, “We look forward to joining an investment firm with a distinguished history, and a leadership team totally dedicated to building a sustainable investment franchise for their clients. Their focus on active management, in-depth research, and disciplined processes is completely aligned with our own investment principles. William Blair & Company provides us tremendous resources within an ownership culture that is so important to delivering differentiated, consistent performance over time.”

(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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  3. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  4. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  5. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

 

banner