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

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note