Hedge fund firm Aurelius Capital Management has confirmed it is set to open a second London office.
This move comes after the firm registered two new businesses, Aurelius Capital Management (UK) LLP and Aurelius Capital (UK) Ltd, at Company House earlier this August.
The firm plans to open the new office in London next year.
The private investment firm currently manages around $4.5bn, focusing on the acquisition of companies with development potential through operational engagement.
With a range of international contacts and a team of specialists, the strategy advice Aurelius provides can help businesses develop its portfolio of companies.
Aurelius has a record of successfully working with more than 50 companies in various geographies, industries and sectors. With the firm’s focus remains on corporate spin-offs which have the potential to generate revenues of up to 750m euros.
Founded in 2005 by Mark Brodsky, the New York based hedge fund firm, has an office in Munich.
The firm already has an office in the UK capital. The existing London office is situated at 1 Savile Row and is home to Aurelius UK.
This arm of the firm targets prospects and executes and managing investments across the UK and Ireland.
Aurelius UK is currently headed up by Tristan Nagler, who joined the London office earlier this year.
By: Kirsty MacGregor
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