Fri, May 22, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Ascent Private Capital Management nabs former CalPERS PM Kurt Silberstein to build alternative investments group

Thursday, July 28, 2011

Kurt Silberstein
Opalesque Industry Update Ultra high net worth individuals represent a significant asset pool and newly formed Ascent Private Capital Management intends to offer their investor clients top tier sourcing of these and other alternatives managers, that much is evident with their Thursday announcement that Kurt Silberstein, formerly Senior Portfolio Manager for global equities at California Public Employees Retirement System (CalPERS), has joined the firm as Managing Director and head of alternative investments. Silberstein will focus on providing ultra high net worth clients with oversight (due diligence, sourcing, researching, etc) of hedge funds, private equity funds, and other alternatives vehicles.

Silbersteins previous role at CalPERS had him overseeing a $25bn portfolio, which included relationships with multiple hedge funds, long-only funds and corporate governance funds. His hedge fund background also extends to designing and managing CalPERS $5.5bn multi-strategy hedge fund portfolio.

"Kurt's experience as an institutional investor makes him well suited for this position, which will have a distinctly institutional orientation," said Dan Rauchle, Chief Investment Officer at Ascent. "Kurt is recognized as an industry leader in institutional portfolio design and implementation, as well as in manager-relationship innovation. Additionally, he has significant experience in building and managing investment teams."

Silberstein is to start at Ascent in early August and will source vehicles on a world-wide basis, providing the firms clients with insight, education and advice on alternative investment vehicles.

Ascent was formed earlier in 2011, and was created to service US Banks ultra high net worth clients and give them additional expertise on alternative investments. Ultra high net worth clients represent a significant asset pool for hedge funds and the firm expects to begin opening Ascent Capital offices in select cities this year.

Kirsten Bischoff

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: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

  5. Opalesque Exclusive: A lot of hedge fund investors are beginning to recognise the need for ongoing cyber threats monitoring[more]

    Benedicte Gravrand, Opalesque Geneva: Corporate Resolutions Inc. recently formed a strategic partnership with iThreat Cyber Group. The two companies have worked together for years, assisting clients when challenging

 

banner