This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Grosvenor Capital Management Completes Acquisition Of Customized Fund Investment Group From Credit Suisse Group AG

CHICAGO, Jan. 2, 2014 /PRNewswire/ -- Grosvenor Capital Management, L.P. and its affiliates (together, "Grosvenor" or the "Firm"), one of the world's largest discretionary allocators to hedge funds, today announced the successful completion of the previously announced acquisition of the Customized Fund Investment Group ("CFIG"), a leading global private equity, infrastructure and real estate investment management company, from Credit Suisse Group AG ("Credit Suisse") (NYSE: CS).  The combined business, with more than $44 billion in assets under management and over 375 professionals, will be one of the largest of its kind in the world.

"We are very pleased to complete our acquisition of CFIG.  We are confident that the transaction fundamentally strengthens our platform and makes us a more valuable partner for our clients," said Michael Sacks, chief executive officer of Grosvenor.  "Together, we will offer clients the ability to access the entire alternative investments landscape.  And importantly, our core values are aligned with CFIG's.  Both groups focus on investment performance, customized solutions that meet the unique needs of a global investor base, and comprehensive, transparent client service."

"The CFIG team is thrilled to join Grosvenor, with its industry-leading investment capabilities, experienced management team and strong commitment to clients," said Kelly Williams, formerly managing director and group head of CFIG, who will serve as president of GCM Customized Fund Investment Group (or "GCM CFIG") and report to Michael Sacks.  "Our clients will have access to a broad range of alternative investment products and solutions, supported by Grosvenor's best-in-class operational infrastructure.  We are excited about becoming part of the Grosvenor culture, which is team-oriented and always puts the needs of clients first."

GCM CFIG will be a subsidiary of Grosvenor and will operate as Grosvenor's private markets business alongside Grosvenor's existing public markets hedge fund business. The entire GCM CFIG management team will join Grosvenor and the business will maintain its primary office in New York.

About Grosvenor Capital ManagementGrosvenor is one of the world's largest and most diversified independent alternative asset management firms, with over $44 billion in assets under management.  The Firm offers comprehensive public and private markets solutions through its two alternatives groups, providing clients with a broad suite of investment and advisory choices that span hedge funds, private equity, infrastructure and real estate. Grosvenor specializes in developing customized investment programs tailored to meet the unique objectives of each client. Grosvenor also manages commingled investment products with specialty exposures and structures.

Grosvenor has been managing alternative investment portfolios on behalf of clients since 1971. Its global client base is primarily institutional and includes public pensions, sovereign wealth entities, banks, corporations, insurance companies, charitable organizations and endowments. Grosvenor has 6 global offices and multiple regional offices staffed by over 375 professionals.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs