One River Asset Management is set to acquire the quantitative investment unit of LGT Capital Partners, a move that will increase the Connecticut-based hedge fund’s assets under management by roughly a third to about $3bn, according to a report by Bloomberg.
The deal includes LGT’s eight-person quantitative investment solutions team and its strategies, with the transfer expected to complete by mid-2026. Financial terms have not been disclosed.
Following the acquisition, the Swiss-based unit will...
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