Merchant Bank Buys Stake In Calif. Hedge Fund

Dec 11 2007 | 9:21am ET

Merchant banking firm Grail Partners has bought a minority stake in Sausalito, Calif.-based quantitative hedge fund shop Creighton Capital Management.Details of the transaction were not disclosed, though Grail managing partner John Siciliano will join Creighton Capital’s management committee.

“Their strategy is based on a statistical model of equity markets which reflects a very different approach than the typical factor-based strategies of most quant managers,” Siciliano said. “We look forward to assisting Creighton Capital in bringing their strategies to a marketplace that is demanding an alternative to traditional quantitative investment firms.”

Creighton Capital was founded in 2004 by its namesake, James Creighton, a former global chief investment officer of Barclays Global Investors, Northern Trust and Deutsche Asset Management.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of