GLOBAL - CDK Group, a New York-based investment management firm specialising in alternative investments, has announced plans to open a London office to be headed up by Peter Mallinson, a former partner at Goldman Sachs.
Mallinson will be responsible for developing relationships with institutional clients and their advisers in Europe and for European and Asian manager research.
CDK said it plans to build an initial team of four at its London office, covering research, sales and marketing.
The group also flagged an application to the UK’s Financial Services Authority for authorisation as an investment adviser and investment manager and the launch of an Asian long short equity fund later this year. The firm currently manages several multi-manager fund of hedge funds and a single manager long only equity fund.
Mallinson spent more than 20 years at Goldman Sachs were he was most recently head of european equities. Based in Hong Kong for six years, he also ran Goldman’s equities division in Asia.
“Peter’s experience and relationships in Asia will provide us with access to a number of key Asian managers and the ability to invest more astutely for our clients in one of the leading growth areas of the world,” commented Thomas Keesee, a founding principal of CDK Group.
Mallinson added: “To date, the firm has focussed on specialised products, which anticipate secular market trends. We plan to continue this approach by launching a product focussing on non-Japan Asia managers by the end of this year. We also intend to increase the allocations we have to Asian managers in some of our existing products.”
Founded in 2002, CDK Group has two principal affiliates - CDK Investment Management LLC and CDK Financial Services LLC - which together manage about US$900m.
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