US-based investment firms KKR Prisma and Paamco have announced a strategic partnership to create Paamco Prisma Holdings, a new liquid alternatives asset manager with over $30bn in assets under management. The combined entity’s capital will be held by employees of Paamco and KKR Prisma at 60.1% with KKR retaining a 39.9% ownership stake as a long-term […]
Max Rijkenberg, legal counsel in PAAMCO’s London office and member of the Legal & Investment Structuring Group, has outlined key challenges created by the AIFMD, which could yet reduce choice for Europe’s investors seeking alternative strategies.
For the past two to three years, hedge fund and other investors have been eagerly anticipating opportunities expected to emerge from the swift and substantial deleveraging of European banks.
Geneva-based Lombard Odier private bank is strengthening its capabilities in Asia with the appointment of Pranay Gupta as Chief Investment Officer – Asia, and Global Head of Investment Solutions.
Before the crisis, hedge funds were not interested in retail investors, preferring to roll out the red carpet for pension funds. But today, having a variety of investors is important to fund managers.
Hedge funds have gates on about $60bn of investors’ money, say fund brokers Tullett Prebon. Though large in absolute terms, the amount is 3.6% of industry assets and far below the 35% impaired as the financial crisis peaked.