Tuesday, 28 July 2015
Last updated 14 hours ago
Jul 16 2012 | 9:07am ET
London-based Caliburn Capital Partners is getting out of both hedge fund research and the fund of funds business.
The firm will sell its Singapore-based hedge fund research arm, Caliburn Capital Partners Pte, to Hermes for an undisclosed amount.
Hermes BPK Partners will also take over the management contract for the Caliburn Greater China Fund, a hedge fund of funds, integrating it into its own suite of hedge funds and renaming it the Hermes BPK Greater China Fund.
Jeremy Rowlands, CEO and managing partner of Caliburn Capital Partners, said in a statement:
“Hermes BPK have acquired an excellent team in Singapore who are leaders in hedge fund research in the region and the management of a fund with a five-year track record of good risk-adjusted performance. We are confident that the transaction will add value to the Hermes platform. The partners of Caliburn Capital will now concentrate their resources on direct investment through a hedge fund structure and will move away from the management of fund of funds.”
May 27 2015 | 2:15pm ET
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