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

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.