Investcorp’s Emerging Managers Top $2B

Jun 30 2008 | 11:07am ET

Alternatives shop Investcorp said today that the managers in its single manager platform have raised more than US$2 billion in total assets.
 
The platform debuted in 2005 to seed emerging managers with between $50 million and $100 million, along with support for marketing and ongoing risk monitoring to avoid style-drift and other operational concerns. The platform is part of Investcorp’s larger hedge fund portfolio, which includes funds of hedge funds, customized portfolios and structured products.

 “Reaching the $2 billion milestone is a testament to the quality of the managers who have partnered with us,” said Deepak Gurnani, managing director and co-head of hedge funds.  “We screen hundreds of candidates in order to select only the most experienced managers for each investment strategy in the platform.  In fact, we attribute much of the success of the platform to our careful manager selection process as well as to our continued focus on alpha generation.”
 
The six managers currently included in the platform are Cura Capital Management, a fixed income relative value shop; Interlachen Capital Group, a multi-strategy firm; Silverback Asset Management, a convertible arbitrage firm; Stoneworks Asset Management, a global macro shop; Washington Corner Capital Management, a distressed and credit-based shop; and WMG Asia, an Asian long/short equity firm.
 
Investcorp currently manages approximately US$8 billion in assets under management, of which approximately US$2 billion is proprietary capital.


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