Switerland’s  LGT Capital Partners is acquiring KGR Capital, a Hong Kong-based fund of hedge funds with approximately US$350 million in assets under management.

“Acquiring KGR Capital will enable us to build on the success of our current Crown offering by providing clients with a greater selection of Asia-focused hedge fund programs,” Roberto Paganoni, LGT’s CEO, said. “It will also enhance our presence and investment expertise in the region with the addition of 16 Asia specialists from KGR Capital."

KGR was established in 2002 by John Knox, Nicholas George and Christopher Rampton and has offices in Hong Kong and London. The firm's flagship fund, KGR Capital Asia Pacific Absolute Return Segregated Fund, is a multistrategy, multi-manager portfolio of Asian hedge funds. It is also the investment adviser to KGR Absolute Return, a closed-end investment company listed on the London Stock Exchange.