CrossBorder Capital has appointed William Bourne as director of sales to build on its recent growth and in anticipation of new fund offerings later this year.
CrossBorder Capital has appointed William Bourne as director of sales to build on its recent growth and in anticipation of new fund offerings later this year.
Bourne has over 25 years experience of raising funds from institutions in both the traditional and the alternative sectors, most recently with Deutsche Asset Management and Sofaer Capital. Under the terms of his appointment, Bourne will continue to manage his external advisory service, WB Associates.
CrossBorder’s funds have had a number of recent successes. The Pulsar Absolute Fund, launched in 2005, rose by 13 per cent in 2007. The fund allocates only to equities and cash and aims to buy equities, largely via ETFs, when markets are rising and to build-up cash when markets are falling.
David Straker-Smith, managing director of CrossBorder responsible for new investment products, says: ‘CrossBorder’s unique liquidity research approach underscores the strong performance of our investment management products. William’s appointment is part of a process which will hopefully see us accelerate significantly during the year.’
Bourne says, ‘There is huge potential for our liquidity product, in its various forms, to be taken up more widely and I intend to realise that potential by organising distribution and raising investor awareness.’
CrossBorder Capital provides advice to around 100 major global investors, including institutional asset managers, government agencies, central banks and endowment fund. It is also investment adviser to Solar Japan/Asia (a regional hedge fund of funds); Solar Global Strategy (a thematic hedge fund of funds), the Pulsar Global Macro Fund (a global macro hedge fund), and Pulsar Absolute (a long equities/cash fund).
