Monday, 30 March 2015
Last updated 2 days ago
Sep 26 2013 | 10:54am ET
Credit Suisse joint-venture Aventicum Holdings will back a new hedge fund launched by former Pioneer Alternative Investments chief investment officer Luca Mengoni.
Mengoni's fund will employ a European long/short equity strategy and is expected to debut by the end of the year, Financial News reports. The Geneva-based firm will have eight employees, including six Pioneer veterans who worked under Mengoni.
The new fund is the fifth to be seeded by Aventicum, set up last year by Credit Suisse and Qatar Holding. The vehicle allows Credit Suisse to continue to play a role in the hedge fund industry while complying with the U.S. Volcker rule, which strictly limits banks' alternative investment activities.
"One of the benefits of this partnership is that it allows us to seed and run businesses that we can no longer do in a bank-affiliated manager," Martin Keller, head of asset management for Europe, the Middle East and Africa at Credit Suisse, said. Keller also serves as Aventicum's chairman.
The size of Aventicum's seed to Mengoni's firm is unclear. After its launch, however, Aventicum plans to seek out emerging markets credit, opportunistic real-estate managers private-equity infrastructure managers for launch next year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…