Opalesque – Partners Group AG and Sciens Capital Management are pleased to announce the sale of 100% of the stock of Partners Group Fund Services Ltd. to Sciens Fund of Funds Management Holdings Ltd. in a cash and earn-out transaction. Partners Group Fund Services Ltd operates a Guernsey-based platform of hedge fund managed accounts which is regulated by the Guernsey Financial Services Commission.
Managed accounts are an alternate method of investing in hedge funds whereby the investor, instead of buying interests or shares in a pooled investment vehicle such as a limited partnership or corporation, places its capital in a segregated account that resides with a bank or prime broker and is managed by an investment manager under specific terms and conditions.
Tags: Syndicated