Beckwith's Pacific Investments Enters Absolute Return Business

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.”

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