Nexar Capital Group has launched as an investment management firm founded by former hedge fund execs at Société Générale. It is being sponsored by an undisclosed amount of funding from Aquiline Capital Partners.
Nexar Capital Group SCA (“Nexar”), a global investment management firm, today announced its launch and an investment from funds managed by Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm. Nexar’s association with Aquiline will support the expansion of Nexar’s investment platform, global distribution network and investor service capability, as well as fund strategic acquisitions.
Nexar’s clients have access to a range of funds of hedge funds, volatility arbitrage hedge funds and client-specific hedge fund portfolios. Nexar’s highly experienced and effective team is dedicated to generating substantial alpha for clients with different liquidity requirements. Nexar is differentiated by its comprehensive investment and risk management processes, its record of both generating and sourcing alpha, and its ability to tailor solutions to client-specific investment needs.
The firm was founded by industry veterans who built a market-leading hedge fund business at Société Générale Asset Management Alternative Investments, led by Arié Assayag, Chief Executive Officer; Eric Attias, Chief Investment Officer; and Bernard Kalfon, Head of Volatility Strategies.
“As an independent company, Nexar has a long-term approach that aligns our interests with those of our clients and allows us to provide them with superior investment management,” said Mr. Assayag. “Aquiline’s depth of investment management experience immediately gives us the strength and stability of an institutional platform, thus making Aquiline an ideal partner as we build our business.”
“Nexar’s team built its strong reputation in the industry through its success in growing and managing a leading hedge fund business,” said Jeff Greenberg, Chief Executive of Aquiline. “Recent market turmoil has underscored the importance of transparency, liquidity and true alpha generation, which are core elements of Nexar’s approach.”
The partners at Nexar include a seasoned team of professionals who previously worked together: Paulo Baia, Head of Research; Douglas Siekierski, Chief Operating Officer; Patrick Palffy, Chief Operating Officer – Europe; Jason Lovelace, Chief Risk Officer; and Corinne Andre, Head of Sales – Europe.
About Nexar Capital Group SCA
Nexar Capital Group is a global alternative investment manager with over 30 professionals located in New York and Paris. Nexar provides each client with an opportunity to benefit from alpha generated through a variety of hedge fund products, including funds of hedge funds, volatility arbitrage hedge funds and tailored hedge fund portfolios.
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in financial services enterprises in industries such as property and casualty insurance and reinsurance, banking and specialty finance, securities, asset management, life insurance and reinsurance, and operations and financial technology. Aquiline seeks to add value to its portfolio companies through strategic, operational, and financial guidance.