Tuesday, 2 June 2015
Last updated 1 min ago
Oct 11 2012 | 10:02am ET
The management team of New York-based hedge fund seeder Larch Lane Advisors will acquire the business from its parent company Old Mutual Asset Management.
The transaction, the value of which was not disclosed, is expected to close by the end of 2012, at which point Larch Lane will be 100% employee owned. The management team, led by Mark Jurish, will continue to operate the business in the same manner as it is currently conducted and plans no changes to its executive team, operating procedures or investment philosophy.
“There is no better investment than in our firm and our people. With an employee-owned management structure, we’re able to be more nimble in our strategic approach to the business and enhance the future success of our firm,” said. “We remain committed to providing clients with actively managed portfolios that focus on early stage hedge fund investing and seeding and to delivering the responsive, personalized client service that is the hallmark of our firm.”
Founded in 1999, Larch Lane specializes in early stage hedge fund investing through its funds of hedge funds portfolios and its hedge fund seeding platform.
The firm is one of five affiliates to buy their firm’s equity stake from Old Mutual. The other affiliates were 2100 Xenon Group, 300 North Capital, Analytic Investors and Ashfield Capital Partners.
May 27 2015 | 2:15pm ET
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