NEW YORK -- (Business Wire)
Macquarie Group (“Macquarie”) (ASX: MQG; Pink Sheets: MQBKY) today
announced that it will begin offering hedge fund capital-raising
services to external hedge funds through its Alternative Investment
Strategies (“AIS”) division. The initiative will initially seek to
represent three to five hedge fund managers on an exclusive basis.
Target managers will ideally have at least $500 million of assets with
an ultimate target of at least $1.5 billion and at least a three-year
“Our reputation and track record, coupled with our global reach and
institutional infrastructure, makes our approach an attractive
alternative to any top hedge fund manager looking to outsource fund
raising,” said Jonathan Hall, Managing Director, Macquarie Funds Group.
“This move presents a unique opportunity for high-quality hedge fund
managers who are looking to grow their asset base to partner with a
proven institution to achieve their goals.”
AIS, a division of Macquarie Funds Group, has raised more than $3.1
billion for 10 different Macquarie strategies since 2005 and most
recently raised over $1.5 billion in assets for Macquarie’s flagship
Asian Alpha hedge fund. The AIS team, led by Jonathan Hall and Stephen
Darke in New York, has established investor relationships globally and
also works with affiliated managers to help raise investor capital. The
team’s reach extends to family offices, funds of funds, private banks,
insurance companies, sovereign wealth funds, pensions, endowments and
foundations. Capital raising efforts will be led in North America by
Scott Brandewiede, in Europe by Mubin Sadikot and in Asia by Jennifer
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie’s main
business focus is making returns by providing a diversified range of
services to clients. Macquarie acts on behalf of institutional,
corporate and retail clients and counterparties around the world.
Founded in 1969, Macquarie operates in more than 70 office locations in
28 countries. Macquarie employs approximately 14,600 people and has
assets under management of over A$314 billion (as of December 31, 2011).
Paula Chirhart, +1-212-231-1310
Source: Macquarie Group
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