|
Komfie Manalo, Opalesque Asia: London based hedge fund seeder Tages Capital has entered into a strategic partnership with New York-based investment manager Nara Capital, helping push Nara's assets under management to $100m, the companies said in a joint statement.
Mark de Klerk, head of seeding strategies at Tages Capital, commented, "We are extremely pleased to have been able to partner with this professional team who have previously worked together and have such extensive expertise in the U.S. mortgage space. As one of Europe's most active seed investors, we are always on the lookout for strategies which fit well into our institutional client portfolios. In this case, we have seen particular interest from insurance clients who appreciate that this specialist role can harvest attractive risk adjusted returns through the cycle."
Nara Capital Co-Founder and CIO Charles Smart said that the partnership with Tages would allow "Nara's team of experienced investment professionals can deliver to investors the rewards of our established, successful strategy with the benefits of an emerging manager's focus and vigor."
He added, "Nara is excited to partner with Tages, and to access their expertise and guidance in launching our fund. Nara's analytical, risk-focused strategy is positioned for significant opportunities in a shifting environment for specific structured products."
Nara Capital's six foundi...................... To view our full article Click here
|
|