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Alternative Market Briefing

Hedge fund manager Arkos Capital doubles AUM after GAM acquisition

Thursday, January 30, 2014

Komfie Manalo, Opalesque Asia:

Consolidation, especially between a big pure-play asset management group and a boutique management firm, can lead to a win-win situation because it allows fund managers to focus on what they do and like best, which is managing clients assets, while asset raising is supported by the larger group.

This was stated by Daniel Durrer who is responsible for Continental European distribution at GAM Holdings at the Opalesque Roundtable Zurich 2014. GAM acquired a majority stake in Lugano, Switzerland based Arkos Capital in 2012.

Durrer said, "Their co-founder [Gianmarco Mondani] has remained on board as CIO of the team, and he recently told me that before becoming part of GAM, he was spending half of his time dealing with regulation, audits and compliance, and how much he enjoys the fact that now he is back at what he does best: managing assets for his clients."

He explained that the combination of GAM’s size and culture makes it an attractive partner for boutique like Arkos, because it allows them to preserve the integrity of their investment approach and enable them to grow.

GAM has completed the acquisition of 74.95% of absolute return specialist Arkos Capita......................

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