Mergers & Acquisitions / Joint Ventures People Moves

BNP doubles Innocap stake and hires HDF trio

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THEAM, part of BNP Paribas Investment Partners, has reinforced its expertise and capacity in alternative management by increasing its stake from 25% to 50% in Innocap Investment Management, the managed account platform that has $3.2 billion under management. THEAM has also appointed three former HDF experts to the team.

The extension of the BNP Paribas strategic alliance with National Bank of Canada shows THEAM’s commitment to Innocap, a long-established managed account platform first set up in 1996.

BNP Paribas Investment Partners, the asset management business of BNP Paribas, created THEAM in April 2011 to specialise in index, active