Investcorp combines its risk management skills with the
investment talent of underlying managers to offer institutional
investors a range of well-constructed building blocks for their
mainstream portfolios. By Claire Makin
For years, Investcorp based its hedge fund business on
channelling the savings of wealthy Gulf investors into
lucrative investments abroad. But the past few years have seen
a surprising new twist to its client base. US and European
institutions now account for about two thirds of Investcorp's
$4 billion in multi-manager and single-manager hedge funds.
What attracts these notoriously hard-to-please investors to an
investment group that is well known in private equity circles,
but decidedly non-mainstream as a fund of funds business?
Deepak Gurnani, chief investment officer and head of hedge
funds, says that Investcorp offers institutions a different
angle on hedge funds from its competitors, but one that is very
familiar to them.
His opinion is that hedge...