GAM Buys Hedge Fund Arkos

Feb 29 2012 | 1:15pm ET

Fund of hedge funds GAM Holding has bought a fellow Swiss fund manager—the first of what could be a series of acquisitions.

GAM paid 10 million Swiss francs (US$11.5 million) for a majority stake in Arkos Capital. Lugano-based Arkos, which has 664 million Swiss francs in assets under management, had been looking for a larger firm to partner with, Financial News reports.

The acquisition gives GAM its first equity long/short strategy since the exit in 2009 of Ross Holliman. Arkos focuses on European and emerging markets.

As part of the deal for Arkos, GAM acquired roughly three-quarters of the firm, including the stake previously owned by Swiss private bank Banca Arner. GAM will buy the remaining shares in three years.

A GAM spokeswoman told FN that the Arkos deal may not be its last. The cash-rich firm is eyeing other possible single-manager acquisitions.


In Depth

Firm Focus: Sustainable Insight Capital Bullish On ESG

Aug 12 2014 | 9:18am ET

Bruce Kahn spent over 15 years as a research scientist/consultant on environmental...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note