GAM is to acquire Arkos Capital SA, an independent asset management firm regulated in Switzerland with assets under management of CHF 664 million. The transaction is expected to close before the end of the second quarter 2012, subject to regulatory approvals.
Arkos manages a range of low-volatility, liquid and transparent absolute return funds, both offshore and onshore. Its offering includes long/short equity strategies covering Europe and emerging markets, as well as a specialist offering focusing on financial securities and an active convertible bond strategy.
Following completion of the transaction, all of Arkos’s products will be distributed under the GAM brand.
All investment strategies will continue to be managed by Arkos’s team of eight experienced investment professionals, who will all be retained and will continue to apply their proven, long-established investment approach.
Arkos will continue to operate out of its Lugano base, with sales and other support functions supplemented from GAM’s Zurich and London offices.
Source: GAM press release 28th Feb 2012.