In a joint venture, Punter Southall Group and Octane Holding have created Grenfell PAI Guernsey Ltd, a $400m fund of hedge funds business.
The newly formed Guernsey-domiciled company will manage assets that used to be managed by a subsidiary of PSG, PSigma Investments, acting through its P-Solve Alternative Investments division. It will also manage assets formerly run by Grenfell Fund Managers, a fund of hedge funds manager recently bought by Octane Holding. Kirsten English, CEO of Grenfell PAI, said scale will be key for the FOHF business as it moves ahead in the next six months. “We are gearing up now by investing in resources and increasing funds under management, the first step being our recent merger. By uniting the two...
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