Clontarf To Become Research Firm

Aug 13 2012 | 1:25pm ET

Alternative investment consultancy Clontarf Capital plans to re-make itself in the wake of its founder's exit.

Clontarf will take the rest of the summer off before relaunching in the fall as a specialist investment research shop, Financial News reports. And it will do so without founder Aoifinn Devitt, who left Clontarf in May when she joined Nikko Asset Management to lead that firm's World Series Fund Platform.

The new Clontarf will be led by "a team of specialists who have worked their for many years," it said.

Devitt stepped aside from Clontarf in September to join Ignis Advisors as head of client strategies. She left Ignis in May to join Nikko.

When Devitt moved to Ignis, she took two Clontarf colleages, Javier Herranz and Cian O'Sullivan with her. Herranz, at least, appears to have returned to Clontarf—he was named a director of the firm in May.

According to a regulatory filing, Clontarf last month changed its registered address to a post office box in London.

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