ReSolve Asset Management has acquired Acorn Global Investments, an alternative investment manager specialising in managed futures and macro strategies.
Acorn has approximately USD210 million in assets under management and has had a long-standing and close relationship with ReSolve.
“We have worked closely with Acorn for many years. Their strong combination of investment research, execution and operational capabilities have laid the foundation for our next phase of growth,” says Adam Butler (pictured), CEO of ReSolve. “The Acorn team’s long history of significant experience in crisis alpha-oriented managed futures programs empowers an important extension of ReSolve’s strategy lineup.”
“This amalgamation simply formalises many years of a tremendously productive partnership,” says Jason Russell, president of Acorn. “The two teams share similar philosophies, interests and business goals. Yet, our areas of focus and experience are diverse and complementary. We are excited to combine resources, eliminate or reduce redundancies and, most importantly, produce the best results possible for our investors.”
Acorn’s personnel will amalgamate with ReSolve, as the continuing corporation, being the portfolio manager and investment fund manager of the Acorn Diversified Trust Fund and the ReSolve Adaptive Allocation Fund.
