FRANCE - Natixis Global Asset Management (NGAM) has acquired a controlling interest in investment advisory firm Darius Capital Partners.
NGAM said the deal, which follows the acquisition of French-based ETF provider OSSIAM and London-based H2O Asset Management, would help further expand its alternatives range in Europe.
Paris-based Darius provides hedge fund solutions to address institutional investor demand for transparency, liquidity and risk management through the use of products such as UCITs, managed accounts, hedge funds, fund of funds, hedge fund replicators and alternative ETFs.
As with other affiliates in NGAM's multi-boutique model, Darius will remain independent in its solutions design and investment approach but will rely on NGAM's international distribution and marketing capacities, the firm said.
NGAM chief executive officer Pierre Servant added: "Darius is the first pure investment advisory and consulting firm we have added to the NGAM multi-boutique model. With Darius's specialised expertise, sophisticated tools and open architecture approach, NGAM further expands the ability to provide alternatives investment advice to institutions, regardless of the ultimate solution required."
Darius president and managing partner Reza Ghodsi said: "The strategic partnership with NGAM will allow Darius to broaden its reach, helping the firm expand into key European, Middle Eastern and Asian marketplaces while maintaining its independence in advisory decisions and consulting philosophy."
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Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.