Saturday, 20 December 2014
Last updated 1 day ago
Feb 7 2012 | 8:08am ET
Swedish financial services group SEB has merged its $2 billion London-based fund of hedge funds manager Key Asset Management with its alternative investment team in Stockholm.
The combined team will be managed by Mikael Spångberg as managing director, Stockholm and Chris Rule as deputy and CIO, London. SEB said in a statement that the two investment teams have worked together informally for the past few years and “bring different specialties to the new venture. Key has one of the oldest track records in the fund of hedge funds industry while the SEB AIT brings competence within the seeding and incubation business.”
KAM became a wholly owned subsidiary of SEB in early 2008.
The merger coincides with the departure of KAM’s chief investment officer, Chris Jones, who will become head of alternatives at the pension consultant bfinance starting next month.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.