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

Hedge Fund Selection: Sussex Partners’ Patrick Ghali Bullish On The Best Of The Best

Oct 2 2014 | 5:56am ET

Ten years ago, Patrick Ghali and Robin Nydes co-founded Sussex Partners with the...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.