Hedge Fund Marketers Join Forces

Oct 9 2008 | 10:14am ET

Two hedge fund placement firms today said they’re merging to market larger hedge funds to the institutional crowd.

Liability Solutions and MIT Associates are teaming up, keeping the former’s name and boasting offices in London, Geneva, Switzerland, and New York. Together, the new entity will offer hedge funds access to some 1,200 institutional investors worldwide, with particular focus on the U.S., Europe and the Middle East. The newly-combined firm will have 15 marketing professionals.

“The industry has grown in dollars and numbers very considerably in the last few years, and capital raising has become considerably more competitive—even more so currently with the very difficult market conditions—with several thousand hedge funds competing on a permanent basis for the attention of institutional investors,” said Mike Finnell, who will become president of Liability Solutions following completion of the merger.

“Hedge funds need access to an investor base that is diverse both geographically and by style and we offer that.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?