Bahrain firm strengthens team for acquisitions.MANAMA: Bahrain-based Samena Capital is strengthening its investment team. The firm, which was launched last month, aims to take advantage of the increasing integration of businesses across these high-growth markets intends to launch further close and open-ended funds. It has identified and intends to buy stakes in other asset management platforms in India and Japan and will look to buy quality asset managers across Asia. It has been set up with a capital of $50 million to pursue its buy and build strategy in this direction. The company, which recently announced the successful first close of its Samena Special Situations Fund at $200m and is targeting a $350m final close on October 31 has hired five investment professionals to work alongside founder shareholder-managers Shirish Saraf, Ramiz Hasan and Simon Wong. Celia Farnon, joins Samena from Polar Capital and brings with her 24 years of Japan experience through her career with Citicorp and Nomura. Ms Farnon will develop Samena's Japan business alongside Philip Young, himself a 19-year Japan veteran at Nikko, Fuji and Invicta Investment Management. Swaroop Patel has15 years of experience in the Asian credit markets, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , structuring and leading new issue transactions for JPMorgan, ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) and most recently as head of Bank of America's Debt Capital Markets in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Robert Clements, an emerging markets specialist with 14 years experience founded hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" GEAM GEAM Generic Engineering Analysis Model in 2005, after spending more than six years with Hermes Pension Fund (London) as head of emerging markets. Lien Ber Luen, brings 12 years of Asian investment management experience through time spent with the Government of Singapore Investment Corporation The Government of Singapore Investment Corporation Private Limited (GIC) is a global investment management company established by the Government of Singapore in 1981 to manage Singapore's foreign reserves. , Pinnakell Asset Management, a boutique asset manager focusing on Asia outside Japan and most recently as a senior member of the investment team at Credit Suisse's Global Proprietary Trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. business based in Hong Kong. "Following the successful initial closing of our special situations fund and strong investor interest ahead of the final close, we have moved quickly to establish a top-tier investment team with expertise which spans our targeted region," said Saraf. Copyright 2008 Gulf Daily News Provided by Syndigate.info an Albawaba.com company |
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