Thursday, 28 July 2016
Last updated 24 min ago
Dec 2 2008 | 1:14pm ET
The Stonehage Group today said it has merged TriAlpha, its alternative asset management arm, with ACP Partners, an independent investment advisory firm based in London. The combined business will initially be known as ACP TriAlpha and will have funds under management of approximately US$2.5 billion.
Stonehage and ACP will each own 50% of the merged business.
TriAlpha was founded in 1997 and offers a range of multi-manager hedge funds, multi-asset class funds and direct securities products. Its clients include institutions and high net-worth families.
Joseph Sassoon and Alok Oberoi, both former Goldman Sachs partners, co-founded ACP in 2001. They will serve as joint CEO the merged business.
“Market conditions will create historic opportunities in the asset management industry, and ACP TriAlpha is ideally placed to take advantage of them,” said Oberoi.