Hedge Funds

Prisma fund of funds group starts with $1.5bn


The Jersey City-based Prisma fund of funds group recently launched with a heady $1.5 billion in assets under management.

Prisma Capital Partners was formed six months, founded by a trio of former senior Goldman Sachs executives, Girish Reddy, Gavyn Davies and Thomas Healey. Charter investors included insurance companies, institutional investors, endowments, pension plans and family offices.

The young firm gained traction with investors after receiving a large commitment from one insurer at the offset. At the time of formation, Prisma's partners created a joint venture with AEGON USA Investment Management, the investment wing for the global insurance carrier.

Prisma expects to