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FWM Holdings to acquire Optima Fund Management

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FWM Holdings, the parent company of Forbes Family Trust (FFT) and LGL Partners, multi-family offices serving ultra-high-net worth families, is to acquire Optima Fund Management (Optima). 

Optima is a New York-based private investment firm specialising 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,” says Keith M Bloomfield, Chief Executive Officer and a founding partner of FWM Holdings and FFT. “We believe Optima delivers strategies that are well-positioned to perform as markets grow more volatile.

“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,” says Boardman. “Additionally, our clients will have access to FFTs comprehensive suite of products and services including sophisticated tax, estate and financial planning, asset allocation and consolidated reporting.”

This is the company’s second transaction since partnering with Wealth Partners Capital Group, a financial services holding company, in July 2017. The acquisition is subject to customary closing conditions and is expected to close in the third quarter of 2019.

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