IPGL's previous investments include holdings in Numis Securities Limited, the investment banking and stockbroking boutique, and in the international financial services executive search company Sheffield Haworth. IPGL Limited IPGL Limited is a privately owned investment vehicle in which Spencer, Chairman of IPGL Limited, and Chief Executive of ICAP plc, is the major shareholder. INCAP, a wholly owned subsidiary of IPGL Limited, is an investment vehicle controlled by Spencer founder of interdealer broker ICAP. I look forward to working with the AIS management team and helping to continue the rapid growth and early success they have achieved.'ДЄIS, which provides administration and outsourced middle and back office functions to hedge funds, this week announced the completion of the equity investment in AIS by INCAP Finance B.V. 'I have been interested in the fund administration space for some time and was impressed with the quality of service, technology and level of reporting that AIS offers. 'I view outsourcing as a vital component in the evolution of the hedge fund industry,' said Spencer. Michael Spencer, CEO of ICAP, has acquired an equity stake in New Jersey-based Alternative Investment Solutions, (AIS), the hedge fund services provider.Дetails of the investment were not disclosed, but Spencer's move has triggered speculation that AIS will become an acquisition target for the larger hedge fund administration groups.

Michael spencer icap