Mon, Aug 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Nexar Capital Group acquires Ermitage Group

Tuesday, May 03, 2011

Ian Cadby
Nexar Capital Group SCA (Nexars), a global alternative investment manager, today announced the acquisition of Ermitage Limited (Ermitage), one of Europes pioneering alternative asset management organizations, from Caledonia Investments plc.

Founded in 1975, Ermitage has successfully served its long standing client base with a diverse offering of innovative investment solutions, which include customized hedge fund portfolios, multi and single manager hedge funds as well as wealth management services. Ermitage has also developed OPTICS, a highly advanced portfolio construction and risk management software tool.

Ian Cadby, Chief Executive Officer of Ermitage said, We are excited to be joining Nexars accomplished team and share their vision for building a premier alternative investment manager focused on alpha generation, risk management, transparency and innovation together with a strong institutional infrastructure. Over recent years, Ermitage has made significant advances as an innovative solutions provider, a specialist area we are now better placed to expand thanks to our combined resources and market reach.

Ermitages world class capabilities in delivering customized portfolios and services to sophisticated investors complements Nexars proven investment and risk management processes, said Eric Attias, Founding Partner and Chief Investment Officer of Nexar. Furthermore, Ermitages UK-based expertise and network will benefit Nexar's fund of hedge funds group located in New York and Paris.

Nexar Founding Partner and Chief Executive Officer Arie Assayag added, As Nexar continues to invest selectively in order to build a leading independent alternative investment platform, Ermitage represents a well regarded investment manager and a valuable addition. We are pleased to welcome Ermitages team to the Nexar Capital Group and we believe the synergies of Ermitage and Nexar will create a dynamic global group capable of meeting investors varied needs.

Source

Press Release
bc

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new