Thursday, 27 November 2014
Last updated 1 day ago
Jan 2 2009 | 12:00am ET
Zurich, Switzerland-based Finvest Asset Management has been awarded a $2.5 billion allocation for investment in private equity.
According to the firm, the recession, negative sentiment, and the credit crunch, have all combined to create significant value opportunities.
The fund will seek to allocate capital to between 25 and 100 European and U.S. companies, with each allocation ranging in a value of between $10 million and $250 million. The new fund's time horizon will be between 3-5 years, although liquidity will be an important criteria in assessing risk. Companies below a $200 million market capitalization will not be discounted, however, the fund will be favorably disposed towards companies with higher market capitalization levels, and which exhibit a high percentage of outstanding shares.
"While we are not looking to cut corners on due diligence, we are looking to fast track the allocation process, so that we can take advantage of a market which has been beaten to shreds," said Finvest portfolio strategist Mayer Greenwald.
Last year Finvest won a $300 million mandate which will be separately invested in a fund of hedge funds.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...