Crossbridge Capital eyes doubling of assets

EXTERNAL asset manager (EAM) Crossbridge Capital aims to more than double its assets under management from the current US$4.5 billion to around US$10 billion over the next five years.

Crossbridge group chief executive Tarek Khlat said that achieving scale is critical if the group is to continue to grow.

"When we launched the business in 2008, we thought getting to US$5 billion was the right size. But the reality is: We're not big enough. We need scale because regulatory costs are increasing; margins are shrinking and ultimately, clients' risk appetite is changing.