Investcorp, the  Bahrain-based alternative asset manager, has signed a partnership with New York hedge fund manager Ballast Capital Management to widen its hedge fund offerings, it said on Sunday.

Investcorp said its clients will now be able to access Ballast Capital's hedge funds.

Investcorp's hedge fund business has about $4.7 billion in assets under management, a business that helped the company return to profit in the financial year that ended last June.-Reuters