HedgeCo.net – NEW YORK, November 8, 2006 \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u0153 Zurich Alternative Asset Management, LLC (ZAAM) announced today that it has brought together an experienced team of money managers to invest ZurichFinancial Services\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2 alternative asset class portfolio.
New York-based ZAAM, a wholly owned subsidiary of Zurich Financial Services, will manage Zurich\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s alternative asset investments including single and multi-strategy hedge funds, buyout funds, venturecapital funds, growth capital funds, mezzanine financing funds, and US real estate funds. In addition to actively managing the Group\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s existing portfolio, ZAAM will make new investments in each ofthe asset classes, supported by a substantial long-term capital commitment from Zurich, resulting in the Group\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s total investments in these asset classes approximating $5 billion.
ZAAM will have one centralized team of professionals overseeing all asset classes to create a well-diversified, high quality portfolio that takes advantage of the diminishing distinctions among assetclasses in the marketplace today.
ZAAM Chief Executive Officer David Wasserman, who most recently served as Zurich\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Chief Investment Officer, said, \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cZurich\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s longstanding international presence gives us a unique local perspective onfinancial markets across the globe. ZAAM is well positioned to bring that experience to bear in ways that can benefit our investment partners beyond the financial commitment of our actualinvestment. We intend to apply our unique knowledge base to our investment process, which will also benefit from our ability to make long-term investments with no preset time limitations.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d
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Commenting on ZAAM\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s newly assembled management team, Wasserman said, \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe have a solid team of experienced financial professionals, who are excited to be working together to meet our objective of achieving a superior risk-adjusted return.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d That team, which brings together experienced professionals both from within Zurich and from other alternative asset organizations, consists of:<\/p>\n
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ZAAM\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s investment approach includes seeking funds where management has demonstrated a high level of investment and risk management expertise supporting a well-defined investment strategy. ZAAMis also actively building a direct investment portfolio via co-investments with funds, direct acquisitions, and joint ventures with operating partners.
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific,Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 55,000 people serving customers in more than 120 countries.
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HedgeCo.net – NEW YORK, November 8, 2006 \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u0153 Zurich Alternative Asset Management, LLC (ZAAM) announced today that it has brought together an experienced team of money managers to invest ZurichFinancial Services\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2 alternative asset class portfolio. New York-based ZAAM, a wholly owned […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5255","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5255"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5255\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/strong>Media Contact:
<\/strong> Ron Cacciola
Zurich Alternative Asset Management, LLC
105 E. 17th Street
New York, NY 10003
Phone: 212-871-1613
E-mail: ZAAM@zurich.com<\/p>\n","protected":false},"excerpt":{"rendered":"