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Both Investcorp and WMG have made significant contributions to this strategic partnership. WMG has created a Hong Kong-based subsidiary, WMG Asia, from which the assets of the new partnership will be managed. Investcorp will invest proprietary capital for the launch. WMG and Investcorp will coordinate the risk management and operational oversight, as well as the marketing, through their complimentary distribution channels.
Lena Tan, a director of WMG Asia, will be the portfolio manager based in Hong Kong. Tan most recently worked at Asian hedge fund Ward Ferry and brings more than 20 years of buy and sell-side experience in Asian capital markets.
Ibrahim Gharghour, Investcorp managing director and co-head of asset management, commented: 'We are delighted to partner with WMG and Lena Tan, one of the most highly regarded hedge fund managers in Asia. Our venture with WMG provides attractive additional diversification for Investcorp's proprietary capital and that of our clients, as well as exposure to one of the world's most exciting hedge fund markets.'
Mehmet Dalman, Chief Executive Officer of WMG Group, said: 'This is an important venture for WMG. It provides our clients with access to a highly regarded portfolio manager in a compelling market while creating a meaningful relationship with one of the most successful institutions in the hedge fund industry.'
Deepak Gurnani, Investcorp managing director and co-head of asset management, commented: 'This venture with WMG represents an important extension of Investcorp's hedge fund platform which combines our rigorous investment monitoring with robust risk oversight. Investcorp and WMG have complimentary distribution channels and risk management expertise.'
Investcorp enters strategic partnership to offer investors access to leading Asian hedge fund strategy
Investcorp, a leading global asset manager specializing in alternative investments, has formed a strategic partnership with WMG, a London-based alternative investment platform founded by Mehmet Dalman, to focus on an Asian long/short equity fund.
- Bahrain: Tuesday, February 13 - 2007 at 15:42
- PRESS RELEASE
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About Investcorp:Investcorp is a leading provider and manager of alternative investment products. It has offices in the Kingdom of Bahrain New York, London and and is publicly traded on the Bahrain Stock Exchange (INVCORP) and the London Stock Exchange (IVC). The firm has five lines of business: private equity, real estate, hedge funds, venture capital and Gulf growth capital. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography, and currently has over $10 billion in invested assets under management.
Investcorp's hedge funds team of more than 60 professionals oversees approximately $5.0 billion in assets under management, of which approximately $2.0 billion is proprietary capital. The firm has a 10-year-long track record of investing in emerging hedge fund managers.
Through its Single Manager Platform, Investcorp provides its global institutional client base with access to emerging hedge fund managers who undergo Investcorp's institutional quality due diligence, ongoing risk monitoring and operational support.
About WMG:
WMG is a financial services group that specializes in alternative investments. WMG can offer its clients single strategy hedge funds and discretionary wealth management services. The global client base comprises high net worth individuals, family offices, private banks and institutions. With a management team which has long and wide-ranging industry experience, WMG provides high quality investment analysis and a robust infrastructure and client service structure that complements the investment process. WMG Advisors LLP is authorised and regulated in the UK by the Financial Services Authority. Further information is available at http://www.wmgfunds.com/.
Issued on behalf of Investcorp by Hill & Knowlton. For further information please contact Jamil Alsharif on Tel: +973 17533532, (M) +973 39634358 or Deborah Botwood Smith on Tel: +44 20 7629 6600
Posted by Janeta Novakovic, Assistant News EditorTuesday, February 13 - 2007 at 15:42 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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