Fri, Jul 29, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New