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Alternative Market Briefing

U.S. hedge fund Fairfield Greenwich with Geneva private bank, Opalesque sources: more mergers in the making

Monday, September 08, 2008

From Matthias Knab, currently in Geneva, Switzerland: Fairfield Greenwich Group Merges with Banque Bénédict Hentsch

Global hedge fund specialist Fairfield Greenwich and Swiss private bank Bénédict Hentsch to provide alternative investment products and wealth management services

Combined Assets Under Management to exceed US $18 billion

Fairfield Greenwich Group ("Fairfield Greenwich"), a global alternative asset management specialist, and Banque Bénédict Hentsch ("BBH"), a Geneva-based Swiss private bank, today announced that both entities have joined forces. The combination will allow BBH clients to gain access to Fairfield Greenwich's broad platform of single manager hedge funds, funds of hedge funds, real estate funds and customized portfolios of hedge funds, while Fairfield Greenwich clients may now access BBH's broad suite of wealth management services. Together, the companies have in excess of US $18 billion in assets under management.

The combined firms will join the alternative asset product development and investment management capabilities of Fairfield Greenwich with the private banking distribution capabilities of BBH, a bank which has had an alternative asset focus since its inception. Both Fairfield Greenwich and BBH are known for their independent management and operations, and for their high levels of personalized, "boutique" client service. Through the transaction, Fairfield Greenwich gains new clients and......................

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