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Laxman Pai, Opalesque Asia: American international investment management company Affiliated Managers Group (AMG) and Systematica Investments founder Leda Braga have jointly acquired the remaining minority equity interest in hedge fund Systematica previously owned by a third-party investor.
According to a Bloomberg report, the third-party investor was BlueCrest Capital Management. Billionaire Michael Platt's BlueCrest had kept an undisclosed equity stake in the $13 billion hedge fund firm after selling a part of its 49% holding to West Palm Beach, Florida-based AMG in 2015 when Braga spun out of the firm.
Following the latest transaction, Braga will have an increased majority stake, while AMG holds a minority interest, the two firms said in a statement Tuesday. Financial terms weren't disclosed.
According to a press release, Systematica is among the largest woman-owned and-led alternative firms in the asset management industry.
"Systematica is focused on employing science and technology in the investment process to achieve an innovative, superior, and sustainable approach to investment management. Recognized as one of the leading systematic managers in the world, Systematica offers several distinctive quantitative investing strategies across a broad array of markets, including the recently launched Systematica China Markets strategy, and the firm's award-winning strategies have generated excellent investment performance and client outcomes over the long te...................... To view our full article Click here
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