Pamplona Capital Management has agreed to make an $100 million seed investment and three year commitment to the International Standard Asset Management’s Systematic Fund.
Pamplona Capital Management has agreed to make a $100 million seed investment and three year commitment to the International Standard Asset Management’s Systematic Fund (“ISAM Systematic”). Pamplona Capital Management manages over $3 billion and was founded by Alexander Knaster. ISAM Systematic utilizes a computer-driven strategy; it was formed in 2008 by Stanley Fink, the former long-standing chairman of Man Group. ISAM Systematic opened to investors in May 2010. In addition to Pamplona’s $100 million commitment, ISAM Systematic has $50 million under management. As part of the terms of the strategic investment, Pamplona has taken an undisclosed minority stake in the management company of ISAM Systematic. Further, Pamplona has indicated that it is likely to commit more capital to the fund in the future. Regarding the role of a seed investor in today’s economic climate, a partner at ISAM Systematic explained “the hedge fund landscape has been redefined by the level of due diligence on funds that’s taking place, and investor demands for a robust infrastructure and critical mass on day one underpinned the need for early-stage strategic investors.”
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