Investcorp, Tages merge absolute return businesses – ZAWYA

Investcorp, Tages merge absolute return businesses – ZAWYA

Investcorp, a leading global provider and manager of alternative investment products, and Tages Group, a leading, European alternative asset management firm, today announced that they have created a 50/50 joint venture through merging Investcorp's Absolute Return Investments business (Investcorp ARI) and Tages Capital, the absolute return subsidiary of Tages.. Investcorp-Tages Limited will be co-led by existing management, including Lionel Erdely, Head and CIO of Investcorp's ARI business, and Salvatore Cordaro, Founding Partner and CIO of Tages Capital.. We will be able to offer a broader array of absolute return investment solutions across strategies and markets.. Cordaro commented: "I cannot think of a more complementary partner for Tages to strengthen our ability to deliver performance for investors.. “¢ Expands and deepens client relationships: Investcorp ARI and Tages Capital have no client overlap, and the combination provides an ideal opportunity for the JV to expand its client relationships.. “¢ Long track records in seeding and emerging managers: Tages Capital and Investcorp ARI both have long track records of providing early capital to absolute return focused managers..