Thursday, 2 October 2014
Last updated 2 min 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.
Oct 2 2014 | 9:16am ET
Gregory Barrett is a principal at Dyal Capital Partners, which takes minority equity stakes in established hedge fund managers—those with assets under management of $1.5 billion to $6 billion. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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