Brigade Sells Minority Stake To Credit Suisse Unit

Jan 27 2011 | 12:53pm ET

Hedge fund Brigade Capital Management has sold a minority stake to Credit Suisse's Asset Management Finance.

AMF's new stake—its 21st in an asset manager—is passive, the firms said in a statement. Other terms of the deal were not disclosed.

Brigade, which has almost $8 billion in assets under management, said the deal will help it hire and hold on to talent, as well as help attract institutional investors.

"We are very excited about AMF's minority owner investment in Brigade as it provides us with additional capital to fulfill certain strategic initiatives," Don Morgan, managing partner at New York-based Brigade, said. "Additionally, access to AMF's deep industry knowledge and global resources will help position Brigade for continued success."

"This deal, along with other recent investments, has significantly raised our visibility in the alternative manager space," John McAvoy, president of AMF, said. "Our goal is to have a balanced portfolio of minority stakes in traditional and alternative managers. Our recent investments have accomplished that objective."

AMF's other hedge fund investments include FX Concepts and MIR Investment Management.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note