Wednesday, 25 May 2016
Last updated 52 min ago
Apr 18 2008 | 12:59pm ET
Multi-manager shop Ipac and alternative investment firm Brookvine, have joined forces to introduce a U.S. fund of hedge funds manager, Prisma Capital Partners, to the Australian institutional market.
Ipac is the first investor in the Prisma Global Multi-Strategy Fund, backing it with a US$160 million initial investment. Brookvine represents Prisma in Australia and will assist with its fund raising and investor relations.
Prisma was established in 2004 as a joint venture between a group of former Goldman, Sachs & Co. partners and AEGON USA Investment Management. The firm currently manages more than US$4 billion for institutional investors.