Alternative asset manager Investcorp has appointed David Bruce as a managing director and co-head of North America institutional sales for its hedge fund business.
Alternative asset manager Investcorp has appointed David Bruce as a managing director and co-head of North America institutional sales for its hedge fund business.
At the corporate level, Bruce will report to Deepak Gurnani, Investcorp’s head of hedge funds and chief investment officer, and will be responsible for marketing and client service across institutional channels together with co-head Lofton Holder.
Bruce joins Investcorp after 12 years with Barclays Global Investor where he was a managing director responsible for leading the business development and strategic account client relationship teams in the Americas institutional business group.
Before that, David was at California Federal Bank, F.S.B. where he was financial planning and analysis director.
“We’re continuing to invest in high-calibre people such as David to build on our achievements of the past year,” says Gurnani. “We’ve had a highly successful 12 months in which we raised USD1.1bn in new hedge fund assets, much of it from US institutions. David joining is a sign of our continued commitment towards servicing and advising North American institutions. Our longstanding experience in managed accounts, together with a significant commitment to innovative research into the underlying drivers of hedge fund returns and risks has been particularly persuasive to investors.”
