Berkshire Global Advisors client SSARIS Advisors sells Hedge Fund-of-Funds business to Investcorp
SSARIS is an investment manager of absolute return hedge fund strategies and hedge fund of fund strategies, headquartered in Wilton, Connecticut. The company was founded in 1983; it launched its multi-strategy hedge fund program in 1986 and its hedge fund of funds business in 2001. SSARIS provides investment management services to institutional and high net worth clients, including RIAs, banks, trusts, pension plans, ERISA plans, public funds, corporate institutions, foundations and endowments, and high net worth individuals, across North America, Europe and Asia.
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, Bahrain, London, Saudi Arabia and Abu Dhabi. Investcorp has three business areas: corporate investment in the U.S., Europe and the Gulf, real estate investment in the U.S and global hedge funds.
Investcorp, a leading provider and manager of alternative investment products, announced the acquisition of the Hedge Fund of Funds business unit of SSARIS Advisors, LLC’s, which will add four key members of SSARIS’ hedge fund of funds investment team to Investcorp’s existing platform in New York. With this business unit’s approximately $800 million in discretionary and advisory assets, and clients across the U.S., Europe and Asia, this acquisition will help grow Investcorp’s existing Hedge Funds platform and is consistent with its long-term strategy to focus on its four areas of expertise: Fund of Funds, Single Managers, Special Opportunity Portfolios and Alternative Beta solutions, and to seek superior returns for its clients.