Thursday, 26 March 2015
Last updated 18 min ago
Jan 11 2011 | 8:55am ET
Sir John Beckwith’s Pacific Investments is entering the absolute return business and has hired Rod Barker as partner and CEO of the new venture.
Barker comes to Pacific from International Standard Asset Management, where he was a partner with Stanley Fink.
Pacific will launch its absolute return fund management business at the beginning of Q2 2011 and will focus on strategies offering returns uncorrelated with traditional asset classes.
Pacific CEO Mark Johnson said: “Rod brings with him considerable experience, intellectual capital and a proven track record in the hedge fund industry. Having developed successful fund management businesses such as River & Mercantile Asset Management, Thames River Capital, Liontrust, Europa Capital, Pacific Real Estate Capital Partners and Alpha Real Capital, we at Pacific are excited about the opportunity to establish and grow a multi-asset class platform at this stage of the economic and market cycle.”
Joining as minority partners in the business are specialist financial services investors IPG and former FD of ICAP and COO of Ashmore and Jim Pettigrew.
Said Barker: “ISAM is at an exciting stage of its business development and it has been a difficult decision to leave. I have enormous respect for Stanley and the ISAM team and have no doubt that the business will grow and flourish under Stanley’s leadership. However the opportunity to be CEO of a new business with the backing, support and pedigree of Pacific Investments and the other partners is exciting and compelling and I look forward to the challenges ahead.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…