Cowdery earlier this year sold Resolution plc, the closed life-fund specialist he founded and took public, to Hugh Osmond's Pearl Group Ltd. for £5 billion but retained the right to the Resolution name. In May he resurrected the brand as a new vehicle to invest in life insurers, banks, asset managers and property and casualty insurers.
Cowdery said Resolution would look at "consolidation and rollups, and breakups and de-consolidations of large complex financial groups where investors want to see value created," as well as partnerships.
"The market is clearly looking to put capital to work in financial services but is looking to so in clear value plans, rather than just buying when prices are low," he told a conference call. - Laura Board
See TheDeal.com: Resolution plans $1.8B IPO (see full story- subscription required)
