Orix Corp has plans to double Mariner Investment Group’s AUM to $20 billion
| October 26th, 2010 | ||
| Japanese financial services firm Orix Corp. recently purchased a majority stake in Mariner Investment Group, the hedge fund manager led by William Michaelcheck that oversees $11.7 billion in assets under management. According to Bloomberg, Orix plans to co-invest with Mariner and aid in the expansion of new hedge funds, including a range of fixed-income and equity products. The company’s stated goal is to double Mariner’s assets under management to over $20 billion in the next five years, benefitting from the increasing demand from pension funds. | ||
For Detailed Investor Profiles on these Investors, click below: |
Mariner Investment Group |
Tricadia Capital Management |
Related People: Bracebridge Hemyng Young Jr (CEO);
Related Entities: Mariner Investment Group LLC;
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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