William Blair Adds Hedge Fund Singer Partners

Jun 8 2011 | 10:55am ET

William Blair & Co. is moving full speed ahead with its expansion into hedge funds.

The Chicago-based firm, with $46 billion in assets under management, has agreed to acquire Singer Partners, the macro hedge fund founded two years ago by former UBS Global Asset Management Americas chief investment officer Brian Singer. The move follows William Blair's first foray into hedge funds, the acquisition in January of fund of hedge funds Guidance Capital.

Singer, whose firm manages about $200 million from Winnetka, Ill., London and Zurich, will join William Blair, bringing all seven of his employees with him, including market strategist Edwin Denson, currency expert Thomas Clark and macro specialists Guy Bloomfield, Edouard Senechal and Renato Staub.

Terms of the deal were not disclosed.

"Singer and seven of his colleagues bring tremendous active asset allocation, currency and risk management expertise in both traditional and alternative applications," William Blair said.

"In William Blair we find the primacy of investment excellence, the entrepreneurial spirit of a 100% employee-owned firm, and a commitment to integrity and client success,” Singer said. “William Blair is similar to the environment and culture we developed at Singer Partners, and the partnership provides the platform and resources to advance and leverage a world-class global macro capability."

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