Fund of Hedge Funds Mergers & Acquisitions / Joint Ventures

Signet and Guardian to offer ABL

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Signet Capital Management has merged with Miami-based Guardian Capital, which has been managing asset based lending since 2003 and the firms now plan to launch an advisory business in the space.

Unlike previous multi-manager structures, Signet and Guardian believe that the larger institutional client base is best suited to invest in ABL via segregated portfolios, rather than as commingled investors in one fund. ABL funds sit between private equity and hedge funds, with most underlying positions having on average a two-year time horizon. The segregated portfolio would still provide the benefits of diversification, but would take away the