AB to buy a firm with US$3b in FUM

investment-management/AB/AllianceBerstein/

5 September 2016
| By Anonymous (not verified) |
image
image
expand image

Global investment firm, AllianceBerstein (AB), has inked a deal to buy RASL, which holds over US$3 billion in asset under management.

RASL, which was an alternative investment and advisory group offering solutions to global insitutional clients, was currently joint owned by Ramius LLC and RASL's two principals, Stuart Davies and Vikas Kapoor.

The acquition would add investment capabilies in factor-based and alternative risk premia solutions to AB and expand its multi-asset altentaive offerings, AB said. Davies and Kapoor would join AB, along with their investment and support teams.

AB's co-head of multi-asset solutions Vadim Zlotnikov, said: "They [Davies and Kapoor] bring an excellent reputation among the most sophisticated insitutional investors for their ability to construct and manage a wide range of alternative solutions using alternative risk premia and other factor based investments".

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND