Effective 15 October, 2020, Alma Capital Investment Management and Rothschild & Co Asset Management Europe have signed an agreement whereby Alma Capital Investment Management takes over the InRIS alternative UCITS platform. From this date, Alma Capital Investment Management becomes the exclusive distributor of InRIS UCITS Plc. The InRIS platform has over €500 million of assets under management, across five different UCITS funds, each managed by an external hedge fund manager.
InRIS platform’s range of equity long/short and systematic UCITS funds are complementary to the existing range of alternative and long only funds currently managed by Alma Capital Investment Management.
Alma Capital CEO Henri Vernhes commented: “This acquisition is part of our core strategic business and is a testament to Alma Capital’s position as an independent consolidator in the UCITS platform space. In addition to continued organic growth, this is our second acquisition in 2020, having successfully integrated the Platinum UCITS business from DWS earlier this year.”
Rothschild & Co Asset Management Europe Managing Partner Pierre Baudard explained: “This agreement is a significant step in our plan to refocus our strategy on our core expertise. Of course, alternative investments remain present in our portfolios and we will continue to be invested in absolute return strategies through our Multi-management and Private Banking activities.”
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