Saturday, 4 July 2015
Last updated 18 hours ago
May 21 2013 | 8:23am ET
Morgan Creek Capital Management will acquire the $700 million alternative funds business of Signet Capital Management, a Europe-based institutional fixed-income investment firm. The value of the deal was not made public.
Under the agreement, Signet will contribute its funds and senior investment management team—including founder Robert Marquardt and CEO Serge Umansky—to Morgan Creek's platform. Signet’s offices in London, and Lausanne, Switzerland, will become part of Morgan Creek’s global network.
“We are excited to have Bob, Serge and the entire Signet team join Morgan Creek, a union that will benefit both our present and future clients,” said Mark W. Yusko, the chief investment officer of Morgan Creek. “This agreement represents a major achievement in our overall strategy to expand our global footprint and bring on talented investment professionals to help address the increasingly complex global investment environment.”
The transaction is expected to close in the second quarter.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…