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Komfie Manalo, Opalesque Asia: Publicly traded and diversified financial services company B. Riley Financial, Inc. has entered into an agreement with Dialectic Capital, LLC and Dialectic Capital Management, LP to assign the rights to manage certain hedge funds managed by Dialectic to a subsidiary of B. Riley Capital Management.
Under the deal, Dialectic Capital managing director and Dialectic Capital Management general partner John Fichthorn was named as the head of Alternative Investments for B. Riley Asset Management, a division of B. Riley Capital Management.
"Under John's stewardship, Dialectic has established an impressive track record and reputation in the hedge fund industry. This acquisition is consistent with our strategy of expanding our capital management business, which now has nearly $1bn in assets under management", commented Bryant Riley, the chairman and chief executive officer of B.
Riley Financial. "We look forward to leveraging John's experiences to scale our asset management business even further."
Founded in 2003 by John Fichthorn, Dialectic Capital Management currently manages several fund strategies and invests in equities across all sectors and market capitalizations. Prior to founding Dialectic, Fichthorn was a managing director at Maverick Capital.
Fichthorn added,...................... To view our full article Click here
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