Investcorp Announces Key Hedge Funds Executive Appointments

NEW YORK, May 11 /PRNewswire/ -- Investcorp, a leading global provider of alternative investment solutions, announced today two new hires to its hedge funds team as it expands its platform for reaching a global base of investors. Nick Vamvakas has joined Investcorp as a Managing Director and head of the Single Manager Platform. Brian Rice has joined Investcorp as a Managing Director and head of Fund of Funds Marketing, a role in which he will assist in raising assets from non-institutional investors, in addition to generating new clients.

"To maintain our edge, Investcorp continues to invest in our people and processes to build on the success we achieved in 2009," said Deepak Gurnani, chief investment officer and head of hedge funds. "Nick and Brian will be important to maintaining our success and communicating our views and offerings to our growing base of clients."

These new additions add managerial heft to Investcorp's hedge fund team that continues to expand after 2009, a year in which both Investcorp's funds of funds and Single Manager Platform attracted over $1 billion in new assets, much of it from US institutions. The hedge funds business currently manages over $4.4 billion in total capital. Several of Investcorp's single managers recently garnered accolades from industry insiders, including the Hedgeweek 2010 award for the best 'Multi-Strategy Fund' and a number one ranking in 'The Barclays Managed Funds Q1 Report' for the 'Top 10 Convertible Arbitrage Manager - Past Three Years'.

Nick Vamvakas' primary responsibility will be to grow the $1.3 billion single manager platform. Before joining Investcorp, Mr. Vamvakas developed and managed hedge fund seeding programs for Lyxor Asset Management, a subsidiary of the Societe Generale Group.

Brian Rice previously worked with The Trust Company of the West. Before then, he spent nearly 10 years at Deutsche Bank, most recently as Managing Director and Head of Global Sales for the firm's absolute return/hedge fund practice.  

Mr. Gurnani said: "Investcorp's hedge funds business has performed well this financial year across our full spectrum of products.  As we experienced through 2009, investors look to Investcorp to find risk adjusted return opportunities through a diversified, actively managed portfolio."

Investcorp's hedge fund business currently manages a range of funds of hedge funds and structured fund products on behalf of Investcorp's private and institutional clients. The underlying hedge fund managers invest in a variety of liquid financial instruments, including equities, bonds, and derivatives. In addition, through the Investcorp Single Manager Platform, Investcorp provides investors with access to experienced individual managers across a range of investment strategies.  

About Investcorp

Investcorp is a leading provider and manager of alternative investment products.  It has offices in New York, London and Bahrain and is publicly traded on the London Stock Exchange (IVC) and Bahrain Stock Exchange (INVCORP).  Investcorp has five lines of business:  private equity, hedge funds, real estate, technology investment, and Gulf growth capital.  Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography.

Further information is available at www.investcorp.com.

SOURCE Investcorp

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