HFA in US$75 million alliance
HFA Holdings has entered into a US$75 million strategic alliance with global alternative asset manager Apollo Global Management.
The alliance, announced in New York, has been welcomed by HFA Holdings' Australian subsidiary, Certitude Global Investments, with its chief executive, Craig Mowll (pictured), saying it would complement the manager’s existing retail operations.
He said HFA’s relationship with Apollo represented a major step forward for Certitude that had the potential to open doors globally but would not affect the day to day activities of the company or the investment process used by fellow HFA subsidiary Lighthouse Investment Partners.
The announcement related to the strategic alliance described Apollo as a leading global alternative asset manager which raises, invests and manages funds on behalf of pension funds as well as other institutional and individual investors.
Lighthouse Partners founder Sean McGould said the alliance represented a milestone for the firm and would open new avenues for institutional investors to consider his company’s differentiated approach to hedge fund investing.
AUTHOR
Mike Taylor
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