GAM is to acquire Arkos Capital SA, a Lugano-based investment manager with assets under management of CHF664million as at 31 December 2011 reported Reuters this week.
GAM is to acquire Arkos Capital SA, a Lugano-based investment manager with assets under management of CHF664million as at 31 December 2011 reported Reuters this week. The deal, which will involve GAM purchasing 100 per cent of the issued shares in Arkos Capital, is expected to go through by the end of Q2 2012 subject to regulatory approval by FINMA. Specifically, under the terms of the deal, GAM will initially acquire 74.95 per cent of Arkos’s share capital with the remaining 25.05 per cent, currently held by Arkos management, to be acquired through deferred cash payments linked to the future development of the business. Arkos manages a range of liquid, transparent, low-volatility absolute return funds in its Talentum fund range. It currently has three funds, one of which, Talentum Emerging Alpha, uses a long/short equity strategy covering EMEA and Latin America. The other two funds, Talentum Activedge and Talentum Enhanced, use market neutral strategies with a focus on developed Europe.
