Jay Feuerstein, 2100 Xenon Group

2100 Xenon management team to acquire equity interest held by OMAM

Tue, 16/10/2012 - 10:04

2100 Xenon Group, an affiliate of Old Mutual Asset Management (OMAM), is to acquire the majority ownership interest in its business from its parent company OMAM.

The transaction, the value of which was not disclosed, is expected to close by the end of 2012, at which time, 2100 Xenon will be 100 per cent employee owned.

The management team, led by Jay Feuerstein (pictured), will continue to operate the business in the same manner as it is currently conducted and no changes are planned in connection with its investment strategy, executive team, or operating procedures.

"With our assets under management having doubled over the past two years, we felt the timing was perfect to acquire Old Mutual's interest, and further position the firm for leadership in the managed futures space," says Feuerstein.  "We have appreciated the dedication of the Old Mutual team in helping us to build a truly institutional platform that has helped foster our growth."

"This is a very exciting time for our company," says Bruce Mumford, partner and director of marketing and client services at 2100 Xenon. "By increasing our employee ownership to 100 per cent, we are confident in our ability to enhance our capabilities to build and deliver the quality product and services that our investors have come to expect."


Subscribe to free daily newsletter
Furtherreading
from our other sites
latestjobs
VP/SVP Credit Quant- NY- Investment Bank

Sun, 28 Dec 2014 00:00:00 GMT

Quantitative Research | Equity | New York

Sat, 27 Dec 2014 00:00:00 GMT

SVP Model Validation

Sat, 27 Dec 2014 00:00:00 GMT

events
2 weeks 1 day from now - New Orleans
3 weeks 3 days from now - Boston
3 weeks 3 days from now - New York
4 weeks 59 min from now - New York
specialreports