Morgan Creek Capital Management announced Tuesday that will acquire the alternative funds arm of European-based institutional fixed income investment firm Signet Capital Management.
Under the agreement, Signet’s assets and members of its senior investment management team will transfer to Morgan Creek, “where they will apply their global fixed income experience for the benefit of Morgan Creek clients.” No additional information was disclosed about the acquisition.
Some of the Signet executives who will join Morgan Creek include founder and co-head of investment management Robert Marquardt, and CEO and co-head of investment management Dr. Serge Umansky. Both will continue their current roles serving Signet clients, as well as complementing Morgan Creek 's fixed income capabilities.
With offices in New York, Singapore and Shanghai and North Carolina, Morgan Creek will add offices in London and Switzerland upon the closing of the transaction.