Investcorp, N.Y. Hedge Fund Exec. Part Ways

Jan 25 2010 | 8:09am ET

Asset management firm Investcorp has lost a principal in its U.S. hedge fund business.

Hank Murphy has left the US$9.4 billion firm, which has seen its hedge fund assets fall by more than half to US$3.6 billion, Financial News reports. Murphy was a principal in the firm’s New York hedge fund business.

The hedge fund unit’s troubles contributed to Investcorp’s first-even annual loss last year. The firm is the largest alternative asset manager in the Persian Gulf region, and also has offices in New York and London.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note