One River Asset Management is set to acquire the quantitative investment unit of LGT Capital Partners, a move that will increase the Connecticut-based hedge fund’s assets under management by roughly a third to about $3bn, according to a report by Bloomberg.
The deal includes LGT’s eight-person quantitative investment solutions team and its strategies, with the transfer expected to complete by mid-2026. Financial terms have not been disclosed.
Following the acquisition, the Swiss-based unit will operate as One River Switzerland AG, marking the firm’s first European presence. Its strategies will include multi-asset long volatility and systematic macro approaches.
Systematic investing, which relies on rules-based models, has grown in popularity as technology advances and investors seek consistent returns. One River, founded in 2013, provides risk-mitigating strategies to institutional clients, including pensions and sovereign wealth funds. The firm previously managed a crypto unit, which it sold to Coinbase Global Inc in 2023.
The deal follows a wave of consolidation in alternatives last year, including Cantor Fitzgerald’s acquisition of UBS’s O’Connor unit and Affiliated Managers Group’s minority stake in Verition Fund Management.
According to BNP Paribas, quant multi-strategy hedge funds returned almost 13% on a five-year annualised basis through 2025, with nearly a quarter of institutional allocators planning to increase exposure to the sector this year.
