Bloomberg – Orix Corp., a Japanese financial services company, aims to double assets managed by the U.S. hedge fund it is buying within five years to more than $20 billion to capitalize on rising demand from pension funds.
Orix USA Corp. said this week it agreed to buy a majority stake in the holding company of Mariner Investment Group, an $11.7 billion hedge-fund manager headed by William Michaelcheck. Orix USA expects to co-invest with New York-based Mariner and help set up new funds for expansion, President James Thompson said in an interview in Tokyo, without elaborating.
