Intercorp builds single-manager platform

Investcorp has entered into a strategic partnership with Interlachen Capital Group, a Minnesota-based hedge fund manager, with the aim of launching a new multi-strategy fund onto Investcorp’s single-manager hedge fund platform.

Currently, the platform has one fund, the Investcorp Fixed Income Relative Value Fund, run by New York-based Cura Capital Management.

Intercorp already runs a range of funds of hedge funds across a range of strategies, to which it has allocated assets of $4.2bn.

The Interlachen fund, which is yet to launch, will be Interlachen’s first and, in keeping with the experience of the nine-strong trading team, will focus on corporate credit, event-driven, private investments, fixed income and volatility