The FT reports that the Toronto-based asset manager has begun hiring in London
One of Canada’s biggest asset management firms is reportedly expanding the footprint of one of its business units.
The Financial Times reported Monday that Brookfield is hiring a team in London to operate a European arm of its hedge fund business, Brookfield Hedge Fund Solutions Advisors.
The business unit manages around US$1 billion in assets and its team is currently completely based in New York under the leadership of Jason Siegel. The unit has been operating since 2019.
Citing “people familiar with the matter,” the FT says the Toronto-based global asset firm has hired William Rushmer from London-headquarted CZ Capital.
Brookfield has been managing assets in Europe for two decades and has recently acquired a 550 sq. ft. office building in the City of London, home to the UK capital’s financial district.
However, Brookfield is also one of the owners of Canary Wharf Group and much of its London-based operations are based in the development’s One Canada Square building. It’s not known where the hedge fund business will be based.
It was also announced early Monday that one of Brookfield’s London properties will be the home of a new flexible working offer headed by a former WeWork executive.
Brookfield has not made any public comment about the reported expansion of its hedge fund business.
Brookfield’s global asset management operations have AUM of around US$650 billion and in August 2021 the firm was named Canada’s best performer in the annual Forbes Global 500.
