Ivaldi Capital, the new alternative asset management
platform formed by Citi to manage alpha-generating investments
for major institutional investors, has gone live with its first
batch of managers and initial assets under management of
Ivaldi owes its name to Norse mythology
Based in London, and with plans to expand into the US and Asia
in due course, the Ivaldi platform is so far focusing purely on
long/short European equity strategies in listed liquid equities
– with three in-house teams already up and running and
with the first external allocation to a third-party manager
also in place.
The origin of the Ivaldi platform was an investment vehicle
that Citi created in 2008 for ATP, the Danish state pension
fund. The new Ivaldi vehicle went live in early September after
more than a year of detailed planning.
Three investors have already signed up to the platform
– led by AP4,...