Mergers & Acquisitions / Joint Ventures

Iveagh forges link with 47 Degrees North

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47 Degrees North Capital Management, a niche funds of funds provider that manages money for California Public Employees' Retirement System, has entered into a strategic partnership with Iveagh, the Guinness family office based in London. Iveagh will become a minority shareholder of 47 Degrees North, which will open a London office. Meanwhile, Iveagh will provide initial investment in upcoming 47 Degrees North fund launches that include emerging managers and innovative hedge fund strategies.

In 2006, Iveagh took a stake in Arundel Partners cementing an existing relationship that allowed it to