Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Tiger Bay Advisors Completes Acquisition of Gramercy Park Advisors

Jul 17, 2013
Joey Peters

New York-based Tiger Bay Advisors announced today it has acquired boutique strategic advisory firm Gramercy Park Advisors for an undisclosed amount. Tiger Bay, a provider of consulting and business process outsourcing (BPO) services to asset managers, said in a release the union creates a new type of firm within the industry – one with the means to increase a business's value by both improving operational efficiency and providing long-term strategic advice. 

Gramercy Park Advisors is an asset management advisory and consulting firm focused on evaluation and maximization of asset management firms' enterprise value. Andrew Laurino, Gramercy’s managing partner, will join Tiger Bay as a partner. The combined firm will help clients align day-to-day operational goals with the longer-term goals of accelerating growth, increasing enterprise value and ultimately monetizing favorably.  This is based on the belief that a well-run business is the essential component to creating strategic optionality, the release stated.

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