Lehman buyout rebrands as Nemesis
Ambix Capital, the Monaco and London-based asset management boutique formerly owned by collapsed investment bank Lehman Brothers, has rebranded itself under its Monaco name.
Ambix Capital now becomes Nemesis Asset Management under the same brand as its umbrella company Nemesis SAM in Monaco.
The rebrand was part of the original strategy after Pier-Alberto Furno, Ambix Capital's main fund manager, bought 100% of the business from Lehman Brothers's administrator last year.
Nemesis manages four value-based long-only equity funds, and is in the process of launching credit funds, following the appointment of Marco Sticchi as head of fixed income last month. It is also seeking organic growth as well as joint ventures or acquisitions in the medium future.
Nemesis has approximately $400m in client assets under management and services high net worth individuals and family offices.
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