Investcorp applauds Prosiris on surpassing $1 billion in assets, reaffirms partnership
NEW YORK, Aug. 12, 2013 /PRNewswire/ -- Investcorp, a leading provider and manager of alternative investment products, applauds Prosiris Capital Management LLC, a credit-oriented investment manager founded by Reza Ali, on surpassing $1 billion in assets under management.
In 2011, Investcorp provided Prosiris with an initial seed investment and served as the investment manager for its flagship fund. In this capacity, Investcorp had monitored the performance and operations of the fund and provided marketing services. Since inception, Prosiris, as investment adviser, has had responsibility for the strategy, trading and operations of the fund. Effective July 1st, Prosiris assumed all functions previously performed by Investcorp. Investcorp continues its seeding relationship and remains a strategic investor in the fund.
"We seeded Reza in 2011 because we knew he was one of the most experienced and proven managers of complex credit and structured finance investing," said Nick Vamvakas, head of development for Investcorp's single manager platform. "We congratulate him and his team at Prosiris on this tremendous milestone and look forward to continuing our successful partnership."
Mr. Ali added: "I would like to thank Investcorp for its on-going support and look forward to continuing our close collaboration moving forward."
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, Bahrain and Saudi Arabia. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at June 30, 2013, Investcorp had $10.5 billion in total assets under management. Further information is available at www.investcorp.com.
Prosiris Capital Management LLC is a global, credit-oriented investment manager that seeks to opportunistically maximize returns for its investors. The firm manages diversified, multi-sector portfolios with asymmetric return profiles across different market scenarios while dynamically hedging systemic risks.
The firm's founder and CIO is Reza Ali, a former Managing Director and Head of the Americas Principal Funding and Investments Group at Goldman, Sachs & Co. Prosiris is an SEC registered investment adviser. Further information is available at www.prosiris.com.