Morgan Creek Capital to Buy Signet Capital's Alternative Funds
Morgan Creek Capital Management said on Tuesday that it will buy Signet Capital Management's Alternative Funds business. No financial terms were disclosed. Under current management, Signet's Alternative Funds has approximately $700 million in assets. As part of the acquisition, the senior management team at Signet, which include Founder Robert Marquardt, and CEO Dr. Serge Umansky, will join Morgan Creek and continue their current roles. Signet Capital Management Ltd. is a European institutional fixed income investment firm.
21 May 2013•3 mins read
