Fortitude Capital and Aurora Funds announce merger
| May 17th, 2010 | ||
| This week Australian alternative investment management firm Fortitude Capital announced its plans to merge with Australian-based diversified funds manager Aurora Funds. The new merged entity will manage approximately $500 million and will be led by Chief Investment Officer John Corr, the founder of Fortitude Capital. With the merger, both firms hope to increase investment opportunities as the markets begin to recover. Fortitude Capital and Aurora Funds also hope to strengthen their funds’ distribution and profiles with retail investors while increasing the cost effectiveness of the businesses overall. | ||
For Detailed Investor Profiles on these Investors, click below: |
Fortitude Capital |
Related People: John Corr
Related Entities: Aurora Funds;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions
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