Arden To Take Over Robeco Fund Of Funds Business

Jun 2 2011 | 9:46am ET

New York-based fund of hedge funds manager Arden Asset Management will take over the $1.3 billion fund of funds business of Rotterdam-based Robeco (Robeco-Sage) as of October 2011.

Arden says the businesses complement each other and already enjoy a “large overlap” in underlying managers.

Averell Mortimer, Arden president and CEO, said, “We are very excited about this transaction and look forward to continuing to serve our combined investor base with a broad range of institutional multi-manager hedge fund portfolios as we strategically expand our business.”

Robeco Group CEO Roderick Munsters believes the deal “provides significant benefits to our investors through increased resources, including investment talent, leading edge technology, and infrastructure. We remain committed to the fund of funds business and intend to retain our substantial investments in the Sage funds.”

Under the terms of the agreement, Robeco-Sage CIO Paul Platkin and Head of Research Darren Wolf will join the Arden investment team and will continue to manage the Robeco-Sage portfolios on a day-to-day basis with oversight from the Arden investment committee. Arden’s existing funds and customized portfolios will continue to be managed, as before, by the investment committee.

Founded in 1993, Arden is a leading independent global fund of hedge funds investment management company with approximately $7.2 billion under management and offices in New York and London.
 
Robeco, established in Rotterdam in 1929, offers investment products and services to institutional and private investors worldwide.  It has approximately $201 billion in assets under management as of December 31, 2010. 


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR