Sciens Buys Partners Managed Accounts Platform

Apr 12 2010 | 7:42am ET

Partners Group has sold its hedge fund business—a US$700 million managed accounts platform—to New York-based Sciens Capital Management.

Under the deals, Sciens gets Partners’ Guernsey-based Partners Group Fund Services, the Financial Times reports. Sciens plans to shift up to $3.4 billion of its own $4.5 billion hedge fund business to the Partners platform.

The move follows Partners’ spin-off of its alternative beta strategies team in April. The Zug, Switzerland-based firm, which has some 25 billion Swiss francs (US$23.5 billion) in assets under management, aims to refocus on its private equity and other core businesses, and slough off other businesses, including hedge funds.

Sciens’ acquisition of the Partners business will make it one of the largest independent managed account firms in the world, according to the FT.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note