Wednesday, 23 July 2014
Last updated 8 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…