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Ian Cadby

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
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