David Cranston Rejoins Investcorp

Sep 13 2012 | 12:15pm ET

David Cranston has returned to Investcorp to oversee the firm's $1.6 billion hedge fund seeding platform.

In a role similar to the one he held with the alternative asset manager from 2005 to 2010, Cranston will be charged with growing the Single Manager Platform, which currently includes six managers.

During his hiatus from Investcorp, Cranston was a partner at another hedge fund seeder—North Creek Advisors. Before joining Investcorp the first time, he raised capital for hedge fund products at Capital Z Investments’ Channel Capital Group. Cranston also spent 10 years managing derivatives sales desks and marketing derivatives at a number of bulge-bracket investment banks in the U.S. and London.

Said Deepak Gurnani, Investcorp’s chief investment officer and head of its $4.3 billion hedge fund group, in a statement: “I couldn’t be more pleased to have a person of David’s caliber rejoin the Investcorp team. His previous experience with the Single Manager Platform will be a great asset as he helps us to further grow our business. We have spent considerable time studying the impact of adding emerging managers to hedge fund portfolios and see advantages to seeding those that can outperform large hedge funds, particularly during uncertain times in the market. With David’s help, we look forward to partnering with more emerging managers in the months to come.”

Investcorp, with offices in New York, London and Bahrain, has three main business areas: corporate investment in the U.S., Europe and the Gulf; real estate investment in the U.S.; and global hedge funds. As of June 30, 2012, Investcorp had $11.5 billion in assets under management.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...