B. Riley Acquires Rights To Manage Dialectic Capital Management Hedge Funds

Apr 25 2017 | 8:07pm ET

B. Riley Financial has acquired the rights to manage a number of Dialectic Capital’s hedge funds, while Dialectic founder and former Maverick Capital executive John Fichthorn has been named head of alternative investments for the asset management division of the California-based financial services company.

Founded in 2003 by Fichthorn, Norwalk-based Dialectic is a long/short equity hedge fund manager currently managing several fund strategies. The firm invests in equities across all sectors and market capitalizations. 

“Under John’s stewardship, Dialectic has established an impressive track record and reputation in the hedge fund industry,” said Bryant Riley, CEO of B. Riley Financial, in a joint statement. “This acquisition is consistent with our strategy of expanding our capital management business, which now has nearly $1 billion in assets under management. We look forward to leveraging John’s experiences to scale our asset management business even further.”

“We have worked closely with the B. Riley team for many years,” added Fichthorn. “Bryant and his team have been trusted advisors to us across all of our investing strategies, from shareholder activism to all styles of public equity investing. We are very excited to be a part of [his] portfolio and see compelling opportunities across many of the divisions within B. Riley to help improve our returns and increase assets.”

Based in Los Angeles and founded in 1997, B. Riley Financial is a publicly traded financial services company operating through several wholly owned subsidiaries. The company’s investment banking services include merger and acquisitions advisory to public and private companies, initial and secondary public offerings, and institutional private placements. 

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