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Laxman Pai, Opalesque Asia:

The alternative investment manager with $24bn assets under management (AUM), FS Investments said it agreed to acquire the global multi-asset investment boutique Chiron Investment Management.

Chiron, which has roughly $1.8 billion in assets under management, is led by its co-founders, Chief Executive Enrico Gaglioti and Chief Investment Officer Ryan Caldwell. It uses a mix of quantitative and qualitative research analysis to invest in global equities and fixed income.

Following the close of the transaction, FS will add Chiron's three funds to its current offerings, it said.

"This is a unique opportunity to diversify our investment management business and expand distribution with a firm that shares our culture, has a high-quality management team and offers a differentiated investment approach," said Michael Forman, Chairman and Chief Executive Officer of FS Investments.

"Together, we will grow our existing fund platforms while helping advisors better serve their clients with forward-thinking, holistic portfolio solutions," said Forman.

Following the close of the transaction, Gaglioti, CEO of Chiron, will join FS in a senior leadership position. Caldwell, Chief Investment Officer of Chiron, and his team will continue managing all of Chiron's funds at FS, employing the same investment approach and processes upon which Chiron was founded.

Before co-founding Chiron, Gaglioti was a partner at Goldman Sachs & Co., wher......................

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