Amid Credit Crunch, Volatility Iam Seeks Acquisitions

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LONDON (HedgeWorld.com) - The credit crunch and volatility coursing through global markets is providing new acquisition opportunities to Integrated Asset Management plc, a fund of hedge funds operator and institutional broker.

The firm certainly has the fire power to do deals. Interim results for the six months to June reported cash of 22 million ($44.5 million) on the balance sheet, including 17.5 million raised from share sales. That saw Lehman Brothers take a 9% stake in the firm and become IAM's second-biggest shareholder after German private bank Sal. Oppenheim.

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Amid Credit Crunch, Volatility Iam Seeks Acquisitions

"That money will be used for corporate activity," said Peter Rose, IAM's chief investment officer. "It is basically [businesses] on the fund of ...

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