Nexar Capital Group SCA announced yesterday the acquisition of Ermitage Limited, one of Europe\u2019s pioneering alternative asset management organizations, from Caledonia Investments plc<\/p>\n
\nFounded in 1975, Ermitage has successfully served its long standing client base with a diverse offering of innovative investment solutions, which include customized hedge fund portfolios, multi- and single
\nmanager hedge funds as well as wealth management services. Ermitage has also developed OPTICS, a highly advanced portfolio construction and risk management software tool.<\/p>\n
Ian Cadby, Chief Executive Officer of Ermitage said, \u201cWe are excited to be joining Nexar\u2019s accomplished team and share their vision for building a premier alternative investment manager focused on alpha generation, risk management, transparency and innovation together with a strong institutional infrastructure. Over recent years, Ermitage has made significant advances as an innovative solutions provider, a specialist area we are now better placed to expand thanks to our combined resources and market reach.\u201d<\/p>\n
\u201cErmitage\u2019s world class capabilities in delivering customized portfolios and services to sophisticated investors complements Nexar\u2019s proven investment and risk management processes,\u201d said Eric Attias,
\nFounding Partner and Chief Investment Officer of Nexar. \u201cFurthermore, Ermitage\u2019s UK-based expertise and network will benefit Nexar’s fund of hedge funds group located in New York and Paris.\u201d<\/p>\n
Nexar Founding Partner and Chief Executive Officer Ari\u00e9 Assayag added, \u201cAs Nexar continues to invest selectively in order to build a leading independent alternative investment platform, Ermitage represents a well regarded investment manager and a valuable addition. We are pleased to welcome Ermitage\u2019s team to the Nexar Capital Group and we believe the synergies of Ermitage and Nexar will create a dynamic global group capable of meeting investors\u2019 varied needs.\u201d<\/p>\n
The transaction, the terms of which were not disclosed, is subject primarily to requisite regulatory approvals. Berkshire Capital Securities Ltd acted as financial adviser to Ermitage in this transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nexar Capital Group SCA announced yesterday the acquisition of Ermitage Limited, one of Europe\u2019s pioneering alternative asset management organizations, from Caledonia Investments plc<\/p>\n","protected":false},"author":20,"featured_media":18657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1656,1687,1655,1723,1836,1690,1651,2007,2064,2065,2243,2063,1917],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/18659"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=18659"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/18659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/18657"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=18659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=18659"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=18659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}