Sat, May 23, 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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner