Monday, 1 September 2014
Last updated 2 days ago
Nov 30 2010 | 12:36pm ET
Swiss fund of hedge funds firm EIM is looking to grow—in two ways.
The firm is hiring, founder Arpad Busson told Financial News. But it is also actively seeking acquisition targets.
"I would like to become one of the consolidators," Busson said. "The barriers to entry have risen so dramatically that the assets under management needed to survive or thrive have gone up. We are currently looking at several acquisitions."
Two, in fact. Busson said EIM plans to merge one of them into its business while running the other as a separate entity.
"Every single firm we are looking at has human capital," he explained. "There are some ideas that you wouldn't get just by hiring the individual."
But EIM is doing that as well. The firm's headcount has fallen by almost 100 from its peak of 240, but the firm has made several key hires this year and is still looking to add new talent.
Busson is also ready to loosen his grip over EIM, a privately-held firm, somewhat, offering partnerships and equity stakes to key employees. The prospect of a future stake in the firm could also help EIM lure desired hires.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...