Wednesday, 30 July 2014
Last updated 9 hours ago
Jul 2 2008 | 2:00am ET
Duff Capital Advisors, an institutional investment management firm set up by FrontPoint Partners founder Phil Duff, said yesterday that it is partnering up with North Sound Capital, a billion dollar global long/short equity shop.
DCA will direct a significant, long-term investment to the North Sound strategy. Terms of the agreement were not disclosed.
North Sound founder Tom McAuley will serve as the portfolio manager of DCA-North Sound and will serve on the Duff Capital Advisors Investment Committee. The entire 38-person staff of North Sound will be offered the opportunity to join DCA, including its 13- person investment team.
“Phil is one of the true visionaries in the industry and the strong capital support he has received from Lindsay Goldberg is a testament to his ability to build an institutional money management firm,” said McAuley.
DCA was launched in March with up to $500 million of equity capital support from private equity firm Lindsay Goldberg.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…