Paine & Partners Adds To Frontline

Apr 25 2008 | 10:57am ET

San Francisco- and New York-based private equity firm Paine & Partners has hired Bjarni Ármannsson and Frank Reite as operating directors focusing on opportunities in the Nordic region, with an emphasis on the seafood, energy and financial services industries.

“Our relationship with Frank began 10 years ago when he was an executive in the seafood industry at Aker, and continued through his tenure at Glitnir Bank,” said Dexter Paine, founding partner of Paine & Partners. “Bjarni was named CEO of Glitnir, one of Iceland's largest banks, at the age of 31 and served in that role for over seven years. Frank's and Bjarni's experience and vast knowledge base will help us expand our investments in a new and exciting direction and capture additional opportunities in Europe and the Nordics that represents new markets with growth opportunities for Paine & Partners.”

Paine & Partners is currently investing its $1.2 billion Capital Fund III, raised last year.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note