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Alternative Market Briefing

FWM Holdings buys $2bn fund manager Optima Fund Management

Friday, April 26, 2019

Laxman Pai, Opalesque Asia:

New York-based FWM Holdings, the parent company of Forbes Family Trust (FFT) and LGL Partners, multi-family offices serving ultra-high-net worth families, agreed to buy Optima Fund Management, an early fund-of-funds player with $2bn in assets.

The deal is expected to be completed in the third quarter. Optima is a New York-based private investment firm specializing in alternative investments.

As part of the transaction, Optima founder D. Dixon Boardman will join FFT as Vice Chairman, effective immediately. He will remain Chief Executive Officer of Optima, which will become an independent, wholly-owned entity of FWM Holdings.

"Dixon and his investment team have been pioneers in the hedge fund industry for more than 30 years, and we are excited to welcome a trusted partner who brings expertise and a strong track record. Optima also has deep relationships with top managers, which is essential for access to the most promising funds," said Keith M. Bloomfield, Chief Executive Officer and a founding partner of FWM Holdings and FFT.

"With three decades of experience, Optima has successfully navigated multiple investment cycles while the industry has grown increasingly complex. We believe this partnership with FFT will enable us to serve our clients even more effectively, as FFT has been an accomplished investor in the alternative space for many years," said Boardman.

"Additionally, our clients will have access to FFT's comprehensi......................

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