Sunday, 25 January 2015
Last updated 1 day ago
Oct 4 2010 | 2:37am ET
AllianceBernstein has acquired SunAmerica's alternative investments group.
Terms of the deal were not disclosed. AllianceBernstein, which is owned by AXA, also would not say how much the SunAmerica hedge fund and private equity unit manages.
"We are pleased to add to our alternative investment capabilities this exceptional hedge fund and private equity fund investment team," CEO Peter Kraus said. "Marc Gamsin and his SunAmerica Alternative Investments colleagues have built an outstanding platform, which we believe will provide valued investment opportunities for our clients."
"We've admired AllianceBernstein's superb investment research for many years, and we're thrilled to become a part of this respected, global institution, while maintaining our long-standing SunAmerica relationship," Gamsin added.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…