Investcorp Hedge Funds Group Hires Business Development Professional to Support Single Manager Business
NEW YORK, May 13, 2014 /PRNewswire/ -- Investcorp, a leading provider and manager of alternative investment products with more than $11 billion in assets under management, announced today that David Walsh has joined the firm's Hedge Funds business.
In his new role with Investcorp, Mr. Walsh's responsibility will be to identify and source emerging hedge fund talent, and to structure and develop relationships with these managers. He will report directly to Nick Vamvakas, Head of Investcorp's Single Manager Business. Investcorp's Single Manager Business establishes strategic relationships with emerging managers, providing them with seeding and acceleration capital in addition to distribution and business support.
Commenting on the strategic hire, Lionel Erdely, Head and Chief Investment Officer of the Hedge Funds Group at Investcorp, said, "David has been identifying and working with early stage hedge fund managers for years in his prior roles. We believe his background will enhance our capabilities in identifying and sourcing new hedge fund talent early in their life cycle. His addition is a boost to our seeding and emerging manager program as we work to execute on our plans to significantly grow our investment universe."
Before joining Investcorp, Mr. Walsh served as a senior member at UBS as part of their Capital Introduction Group, where he was actively involved in all aspects of the prime brokerage business – including originating prospects, sales, and relationship management. Earlier in his career, he helped UBS develop and structure products to provide investors access to alternative investments through the investment bank's Funds Derivatives Group.
Investcorp is a leading provider and manager of alternative investment products. The Investcorp Group has offices in New York, London, the Kingdom of Bahrain, the Kingdom of Saudi Arabia and Abu Dhabi. 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 December 31, 2013, Investcorp had $11.3 billion in total assets under management. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.