International Asset Management

What International Asset Management does

International Asset Management Ltd (IAM) is an independent, privately held asset management firm founded in London in 1989, specializing exclusively in hedge fund and alternative UCITS investments. The firm is FCA-authorized and operates from offices in London (headquarters) and Stockholm, serving institutional and professional investor clients globally. Following a 2006 acquisition by ABN AMRO Asset Management, IAM re-established independence through a 2008 management buyout and has since remained under founding-partner control.

IAM delivers its services through three core solution pillars: (1) Tailor-Made Alternative Portfolios — bespoke discretionary and advisory mandates constructed from hedge funds and liquid alternative UCITS funds, with portfolio construction, reporting, and structuring services; (2) the IAM Investments Alternative UCITS Platform — a multi-fund platform that onboards selected offshore managers as delegated investment managers, offering daily liquidity across UCITS wrappers; and (3) the IAM Alternative Fund of Funds — multi-strategy FoF structures in Irish AIF and UCITS formats combining offshore and UCITS funds. The firm has progressively expanded the platform with new sub-funds across 2021-2025 covering event-driven, multi-strategy global macro, G10 rates, healthcare L/S, European small-cap, and European L/S strategies, and in 2023 entered private markets with the La Victoria I-B Fund. Underpinning manager selection is a proprietary research and performance database developed since the 1990s, a dedicated operational due diligence function with veto power, and proprietary quantitative risk-monitoring systems.

Revenue is generated entirely through asset-based management and administration fees on AUM across bespoke mandates, the commingled Alternative UCITS Platform, and the FoF structures, with pricing negotiated per mandate and not publicly disclosed. The firm has 11-50 employees, no parent company, no disclosed funding rounds, and operates without consumer-facing marketing, relying instead on direct institutional sales, industry conference presence, and professional networks. Senior leadership — Managing Partners Andrew Gibson (CEO, co-CIO), Marivi Lorente (co-CIO), and Mirko Butti (Head of Business Development) — has an average of 25-29 years of investment experience drawn from Deutsche Bank, JP Morgan, Russell Investments, Santander Investment, and Alantra, and holds CAIA/CFA designations. IAM has been a UN PRI signatory since 2018 and has won the Global Pensions Hedge Fund Manager of the Year award (2003).

Name

International Asset Management

Legal name

International Asset Management Ltd

Website

https://iam.uk.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

International Asset Management is an independent, FCA-authorized London-based asset manager founded in 1989 that builds bespoke hedge fund and alternative UCITS portfolios and fund-of-funds for institutional and professional investors via its proprietary manager research and operational due diligence platform.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)

akta.pro primary industry

UCITS / Liquid Alternatives Fund of Funds (FSAHAKAE)

Keywords

• Alternative asset management
• Hedge fund management
• Fund of funds
• UCITS fund platform
• Institutional investment solutions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Alternative Portfolio Management Fees: IAM generates revenue through management fees charged on bespoke alternative portfolios and fund of funds structures. The firm offers discretionary and advisory portfolio services where fees are typically charged as a percentage of assets under management.
2. Alternative UCITS Platform Administration: IAM manages the Alternative UCITS Platform where each fund is selected by IAM and appointed as delegated investment manager. Revenue is generated through management and administration fees on these UCITS-compliant structures offering daily liquidity.
3. Fund of Funds Management: IAM manages both bespoke FoFs for single institutional investors (combining offshore and UCITS funds) and commingled UCITS FoFs, charging management fees based on assets under management across these structures.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

International Asset Management (IAM) is an independent asset management firm that constructs and manages bespoke portfolios of hedge funds and liquid alternative UCITS funds for institutional clients. Its offerings include tailor-made alternative portfolios (discretionary and advisory), the IAM Investments Alternative UCITS Platform (selecting offshore managers into UCITS wrappers with daily liquidity), and the IAM Alternative Fund of Funds (multi-strategy commingled and bespoke FoFs in Irish AIF and UCITS structures). Revenue is generated primarily through management fees charged on assets under management.

Product overview

International Asset Management is an independent asset management firm offering a multi-product platform focused on hedge funds and alternative UCITS investments. The core offerings consist of: (1) Tailor-Made Alternative Portfolios providing bespoke discretionary and advisory portfolio management; (2) the IAM Investments Alternative UCITS Platform bringing offshore managers into the UCITS framework with daily liquidity; and (3) the IAM Alternative Fund of Funds providing multi-strategy exposure through an Irish fund structure. The firm has also launched multiple specialized UCITS funds including Calibrate European Equity Long/Short, Catalio Global Innovative Healthcare Long/Short, Riposte Global Opportunity, Landseer European Smaller Companies Long/Short, BTG Pactual G10 Rates UCITS, Carrhae Capital UCITS, Welton Multi-Strategy Global Macro, O'Connor Event Driven, and La Victoria I-B Fund.

Differentiator

Problem solved

Functional benefit

Products and services

• Tailor-Made Alternative Portfolios Bespoke portfolios of hedge funds or liquid alternative UCITS funds constructed for individual institutional clients with the aim of preserving capital. Services include portfolio construction, client reporting, and structuring, offered as discretionary (IAM manages the portfolio) or advisory (IAM provides recommendations) mandates aligned with client liquidity, strategy, regional diversification, and currency hedging guidelines.
• IAM Investments Alternative UCITS Platform Platform that selects high quality offshore hedge fund managers with strong track records and brings them into the UCITS regulatory framework. Each fund is selected by IAM and appointed as delegated investment manager, offering daily liquidity and available to all investor types.
• IAM Alternative Fund of Funds Multi-strategy fund of funds investing across IAM's high conviction managers within Irish domiciled AIF and UCITS fund wrappers. IAM manages both bespoke FoFs for single institutional investors (combining offshore and UCITS funds) and commingled UCITS FoFs open to all types of professional investors, aiming to deliver higher alpha with lower beta.
• IAM Alternative AIF Platform Alternative AIF Platform providing structure for alternative investment strategies, launched in 2018 to complement the existing UCITS platform with AIF (Alternative Investment Fund) structures, including IAM's first Private Equity AIF fund (La Victoria I-B Fund).

Quantifiable outcome

• IAM has maintained consistent returns and delivered alpha with lower beta through disciplined investment processes focused on capital preservation.
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• United Nations Principles of Responsible Investing (UN PRI)coreOthers · 1 January 2018IAM became a signatory of UN Principles of Responsible Investing (PRI) in 2018. This demonstrates IAM's commitment to incorporating ESG considerations into its investment processes and aligns with growing institutional investor requirements for responsible investment frameworks.

Scale indicators3 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Man Group: Large global alternative asset manager offering systematic and discretionary hedge fund strategies (AHL, Numeric, FRM) and multi-manager UCITS platforms. Operates at vastly greater scale than IAM but competes in the same liquid-alts/UCITS institutional space.
• BNP Paribas Asset Management: Major European asset manager with a dedicated alternatives platform (including FoHF and liquid alts) and ICAV/UCITS structures. Competes with IAM in European institutional liquid alts distribution at significantly greater scale.
• abrdn (formerly Aberdeen Standard Investments): Large UK-based global asset manager with an alternatives platform serving institutional clients globally, including liquid alts and FoHF capabilities. Broader incumbent competitor to IAM in UK/European institutional distribution.
• Schroders: Large UK-listed asset manager with a substantial alternatives business (Schroder GAIA liquid alts UCITS platform) targeting institutional clients. Competes with IAM across UCITS platform, FoF, and bespoke mandates at much greater scale.

Direct peers

• Permal Group: Long-standing FoHF franchise (now part of Franklin Templeton) that offers institutional multi-manager and bespoke FoHF mandates. Direct competitor in the bespoke institutional FoHF space IAM serves.
• GAM Holding: Swiss-based specialist asset manager focused on liquid alternatives and active investment solutions, with a comparable fund-of-funds and UCITS-style offering. Operates at similar boutique scale to IAM with a European institutional client base.
• Lyxor Asset Management: French-based liquid alternatives and UCITS platform manager (now part of Amundi) that offers institutional access to hedge fund and alternative strategies via regulated wrappers. Directly comparable to IAM's Alternative UCITS Platform in mandate and customer type.
• Aetos Capital Management: Multi-strategy fund-of-hedge-funds manager with institutional focus and disciplined manager selection. Closely comparable to IAM's bespoke and commingled FoHF business in structure and target client.

Emerging players

• Aspect Capital: UK-based systematic/CTA manager with UCITS-domiciled funds that compete for institutional liquid-alts allocations. Comparable as a smaller specialist offering institutional UCITS alternatives, but more narrowly focused on systematic strategies.

Regional players

• Cardano (UK): UK-based specialist asset manager offering multi-manager and bespoke alternatives solutions to European pension and institutional clients. Direct comparable as a UK-headquartered boutique alternatives/FoHFs manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Asset Management