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New Managers December 2017

SEEDERS & PLATFORMS: Mediobanca LRI Group

 

Mediobanca acquires majority stakes in Swiss hedge fund

Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Genevabased hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of actively managed and alternative systematic fundamental equity and tactical fixed-income funds to a wide array of institutional and professional investors.

Under the long-term strategic partnership, Mediobanca will acquire a 69% interest in RAM AI. As of 31 October 2017, RAM AI had assets under management of $4.95bn across 14 funds.

"We are very excited by this new phase of RAM AI's development. Mediobanca is an excellent partner for RAM AI from a cultural and distribution synergy standpoint. This partnership will provide us with additional operational resources and seeding capabilities that will help drive innovation and research at RAM AI while preserving our independence and unique culture. Our aim is to keep delivering differentiated investment solutions to our investors, generating consistent risk-adjusted returns on the foundation of proven investment philosophies" said Thomas de Saint-Seine, CEO of RAM AI.

With its distinctive DNA, Mediobanca says it is an ideal institutional partner for RAM AI, by offering a strong cultural fit and solid foundation for future growth, whilst safeguarding and ensuring the continuity of the RAM AI's investment management process. RAM AI will maintain its organizational and operational independence, and the transaction will bring several benefits, including a reinforced institutional framework, a long-term seeding commitment to funds managed by the Company that will help foster innovation and research, and an improved distribution network across Europe

The deal also allows RAM AI's founding partners, de Saint-Seine, Maxime Botti and Emmanuel Hauptmann to retain significant stakes in the company and will rem......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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