London-based Pacific Asset Management has recruited global equity firm Tourbillon Partners to act as portfolio manager for its global equity strategies.
Pacific AM will also be mandated as investment manager to Tourbillon’s Cayman-based fund, providing a combined $230 million in assets under management.
All vehicles will be managed by the two co-founders of Tourbillon, Ben Beneche and Ramesh Narayanaswamy.
According to a statement, the funds will be managed according to Tourbillon’s “proprietary process and philosophy” backed by Pacific’s operational infrastructure.
The partnership with Pacific will “accelerate our ambition to create an exceptional single strategy fund” said Beneche and Narayanaswamy.
“It brings increased focus and resources for investment and aligns the durability of the firm with the durability of the investments we seek.”
Pacific CEO Matthew Lamb described the alliance as “further validation of the culture and tech-enabled infrastructure we have built”.
