Cadogan And Fortis Join Forces

Fortis Investment Management and Cadogan Management have agreed to merge their fund of hedge funds businesses. The combined entity, with $7.3 billion in assets, will keep the Cadogan name, with Fortis holding a 70% stake.

Cadogan’s management team—CEO Stuart Leaf, chief investment officer Paul Isaac and director of research Michael Waldron—will remain in place, with minority stakes in the business.