press releases 2005 archive
30 December 2005
Director Shareholding
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10 October 2005
Integrated Asset Management Announces the Completion of the Sale of GAIM Paragon Israel to Clal Finance
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London, 10 October 2005: Integrated Asset Management plc ("Integrated"), the global alternative investment group listed on the Alternative Investment Market (AIM) of the London Stock Exchange, announced today that GAIM Paragon Inc, (its 50.1% subsidiary), completed the sale of its Israeli subsidiary, GAIM Paragon (Israel) Limited, to Clal Finance, Israel's largest insurance and asset management company.
GAIM Paragon Israel, which manages approximately US$45 million of discretionary funds, is recognised in the Israeli financial markets for its expertise in international discretionary portfolio management.
In connection with the sale, Integrated and Clal Finance are exploring substantive ways in which Integrated may provide hedge fund investments to Clal Finance's proprietary portfolio and third party clients in Israel.
Emanuel Arbib, Chief Executive of Integrated, commented, "The agreement with Clal Finance fits into our strategic plan to increasingly focus our business on alternative asset management and to move away from non-core activities, while potentially allowing us to realise good value in the sale. In addition, we expect this transaction will mark the beginning of a strong relationship with Clal Finance, one of the leading financial companies in the Middle East."
For further information, please contact:
Integrated Asset Management
Emanuel Arbib
Tel: +44 (0)20 7514 0550 -
Email: arbib@integratedam.com
Weber Shandwick
Jeff Watt
Tel: +44 (0)20 7067 0716 - Email: jwatt@webershandwick.com
Evan DeBarra
Tel: +44 (0)20 7067 0732 - Email: edebarra@webershandwick.com
Note to Editors:
Integrated Asset Management plc
Integrated Asset Management plc is a global alternative investment group listed on the Alternative Investment Market (AIM) of the London Stock Exchange.
Integrated Asset Management's core businesses are fund of hedge fund management and institutional brokerage services. The company, founded in 1997, currently has in excess of $650 million assets under management and advice.
29 September 2005
Integrated Asset Management plc announces strong results for the 6 months ended 30 June 2005
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27 July 2005
Holding(s) in Company
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13 July 2005
Issue of Equity
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30 June 2005
Appointment of Broker
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09 June 2005
Integrated Asset Management Announces Subscription by and Joint Venture with Consensus Business Group
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31 May 2005
Directorate Change
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18 May 2005
Director Shareholding
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17 May 2005
Director Shareholding
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