RCM Alternatives is to join forces with Attain Capital Management, acquiring its fund offerings, education, research and database assets while bringing its principals and employees under the RCM umbrella.
The transaction is expected to close in the first week of March.
Both Chicago-based companies specialise in pairing high net-worth individuals, investment advisors, and institutional investors with commodity-focused managed futures investments through separately managed accounts and private funds. The combination of these leading companies in the managed futures space underscores the growing demand for access to alternative investments that can work as a hedge against market volatility and provide diversification through their low-correlation to traditional asset classes such as stocks and bonds.
“The combination of RCM and Attain will create an industry leader with the unmatched ability to meet the alternative asset allocation needs of today’s investor,” says Bobby Schwartz, principal and managing partner of RCM Alternatives. “Attain’s family of funds, educational content and management team are all world-class, and we cannot wait to welcome our new colleagues into the RCM family.”
“RCM has come on quickly the past few years to become a highly respected firm in our industry, and joining forces allows us to build out the next generation of investor-focused tools, content, and investments,” says Jeff Malec, CEO and founding partner of Attain Capital Management. “Our combined portfolio of funds, deep bench of talent, and suite of educational content will create a firm dedicated to managed futures investors and managers in a way never seen before in the industry.”
All of Attain’s employees will be joining RCM, and RCM will fully support Attain’s educational efforts, including their popular Attain Alternatives Blog, an industry-leading source of information about managed futures and alternative investments, ensuring it is business as usual for current customers of Attain.
RCM will also acquire Attain Portfolio Advisors, LLC (APA). APA is a registered Commodity Pool Operator and manager of a family of privately offered, commodity based alternative investment funds through www.AttainFunds.com. RCM expects continued growth of this business unit through greater distribution across the combined companies and leverage of RCM's advisor focused educational events across the country.