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From Precy Dumlao, Opalesque Asia:
Asset Management Finance LLC (AMF), an investment firm focused on the finance sector, announced that it completed four new investments in December totalling approximately $200m, including investments in a credit hedge fund firm.
In a statement, AMF’s CEO Brian D. Finn commented: “We concluded 2009 with a flurry of exciting investments continuing our momentum at Asset Management Finance. In a single month, we completed our first pure equity investment, our first investment in a private equity firm, our first European investment, and our first investment in a credit hedge fund manager.”
AMF’s aggressive moves came after its former CEO Norton Raemer disclosed in October 2008 that the company would add hedge fund managers to its portfolio.
The New York-based investment manager said that it invested in a U.S.-based credit hedge fund manager that provides capital in exchange for a limited term revenue share interest. No details as to which company it is are currently available.
It also made its first investment in an unnamed private equity fund management company.
Other significant developments in the firm last month was its first European investment in Towry Law, a fee based wealth adviser headquartere...................... To view our full article Click here
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