Sciens To Buy Atlas Capital

Jul 9 2008 | 11:43am ET

New York-based Sciens Capital Management is buying the institutional investment management business of Atlas Capital Associates, which manages funds of funds that focus on one strategy or theme.

The deal will create an international investment management business with some US$4.8 billion under management and advisory mandates. Atlas' wealth management business, including Deltec Bank & Trust, a wholly-owned private bank in the Bahamas, is not part of the deal and will continue to operate without change.

”Sciens has a presence in the U.S. and manages broadly diversified funds of funds while Atlas is based in London and Guernsey,” said Sciens CEO John Rigas. “The capability to offer both will allow the combined entity to provide unique solutions to our institutional clients.”

Sciens Capital Management manages private equity, venture capital, real estate, aviation assets and funds of hedge funds assets institutional investors.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...