Kestrel Partners To Float Investment Unit

Kestrel Partners is setting up a new investment management business.

Kestrel Partners is setting up a new investment management business, Citywire reports. The micro-cap specialist has also selected John Ricciardi to lead the investment management unit. Ricciardi, who is Iveagh’s former head of asset allocation, is also planning to unveil a global multi-asset fund over the next few months. The portfolio, which is awaiting regulatory approval, may be named the Kestrel Dynamic Wealth fund. It will invest in a range of assets, including funds and ETFs.

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