Investcorp Names North American Sales Head For Hedge Fund Biz

Nov 8 2010 | 8:52am ET

Alternative asset manager Investcorp has appointed David Bruce as a managing director and co-head of North America institutional sales for its hedge fund business.

In his new post, Bruce will report to Deepak Gurnani, Investcorp’s head of hedge funds and chief investment officer, and be responsible, together with co-head Lofton Holder, for marketing and client service across institutional channels.

Bruce joins Investcorp after 12 years with Barclays Global Investor where he was a managing director responsible for leading the business development and strategic account client relationship teams in the Americas institutional business group.

“We’re continuing to invest in high-caliber people such as David to build on our achievements of the past year,” said Gurnani. “We’ve had a highly successful 12 months in which we raised $1.1 billion in new hedge fund assets, much of it from U.S. institutions. David joining is a sign of our continued commitment towards servicing and advising North American institutions.”

Investcorp’s hedge fund business currently manages a range of customized hedge fund portfolios, funds of hedge funds and structured fund products on behalf of the firm’s institutional and private clients. As of June 30, total hedge fund assets under management stood at $4.7 billion.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...