Kenmar, Olympia In Merger Agreement

Apr 24 2012 | 5:50am ET

Kenmar Group and Olympia Capital Management have announced plans to merge and create a global fund of hedge funds business.

The new Kenmar Olympia Group will have a combined $3.3 billion in assets under management and offices in New York, Paris, London, Geneva and Zürich, Switzerland, and Singapore. The deal is expected to close in July, pending regulatory approval.

Terms of the deal were not disclosed.

Olympia Group of Companies CEO Sergio Heuer will serve as president and CEO of the combined company. Kenmar co-founders Kenneth Shewer and Marc Goodman will be its co-executive chairmen and global co-chief investment officers.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...