Saturday, 28 March 2015
Last updated 1 day ago
Oct 4 2011 | 2:19am ET
A BNP Paribas alternative investments unit has installed a new leadership team and taken a larger stake in its joint-venture with National Bank of Canada.
THEAM has named Thierry de Rycke and David Gilleron co-chief investment officers for hedge funds and Eric Debonnet head of its Paris-based hedge fund solutions team. It also doubled its stake in Innocap Investment Management, which it co-owns with National Bank, to 50%.
"THEAM aims to become an international player in liquid and transparent alternative investments," CEO Gilles Guérin said.
"By hiring Eric Debonnet, Thierry de Rycke and David Gilleron, we further reinforce our manager selection and portfolio capabilities. THEAM's clients will strongly benefit from highly experienced people who have handled strategic positions in capital markets, asset management and hedge funds fields."
As for its larger stake in Innocap, Guérin said, "We believe that the expertise of THEAM's team combined with Innocap's great capabilities and proximity to North American-based hedge funds will enable us to reach our development goals and provide valuable services to BNP Paribas clients throughout the world."
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…