One River Acquires LGT Quant Team
What happened
One River Asset Management has acquired LGT Capital Partners' quantitative investment solutions team and strategies. The deal brings over $900 million in additional assets under management and two established systematic strategies to One River's platform. The acquisition will expand the firm's capabilities with a world-class team in quantitative finance.
Why it matters
- The acquisition will increase One River's total assets under management by approximately a third, bringing the firm to about $3 billion. - The two systematic strategies acquired will be renamed "One River Dynamic Protection" and "One River Systematic Macro". The former is a long volatility strategy with a track record of over 11 years, while the latter is a multi-asset macro strategy with a history of nearly 10 years. - The eight-person LGT team will now operate as One River Switzerland AG, establishing the Connecticut-based hedge fund's first physical presence in Europe. - LGT Capital Partners will continue to be a significant investor in both of the strategies after the transfer. - This deal reflects a larger trend of consolidation among alternative asset managers who are seeking to gain scale to cover the rising costs of technology, data, and infrastructure. - The move is part of a growing popularity in systematic investing, which utilizes rules-based models for trading, driven by technological advancements and a search for consistent returns. - One River Asset Management was founded in 2013 by Eric Peters, who serves as the company's CEO and CIO.
Key numbers
- The deal brings over $900 million in additional assets under management and two established systematic strategies to One River's platform.
- - The acquisition will increase One River's total assets under management by approximately a third, bringing the firm to about $3 billion.
- The former is a long volatility strategy with a track record of over 11 years, while the latter is a multi-asset macro strategy with a history of nearly 10 years.
- One River Asset Management was founded in 2013 by Eric Peters, who serves as the company's CEO and CIO.
What happens next
- The acquisition will increase One River's total assets under management by approximately a third, bringing the firm to about $3 billion.
- The two systematic strategies acquired will be renamed "One River Dynamic Protection" and "One River Systematic Macro".
- The eight-person LGT team will now operate as One River Switzerland AG, establishing the Connecticut-based hedge fund's first physical presence in Europe.
Quick answers
What happened in One River Acquires LGT Quant Team?
One River Asset Management has acquired LGT Capital Partners' quantitative investment solutions team and strategies. The deal brings over $900 million in additional assets under management and two established systematic strategies to One River's platform. The acquisition will expand the firm's capabilities with a world-class team in quantitative finance.
Why does One River Acquires LGT Quant Team matter?
The acquisition will increase One River's total assets under management by approximately a third, bringing the firm to about $3 billion. The two systematic strategies acquired will be renamed "One River Dynamic Protection" and "One River Systematic Macro". The former is a long volatility strategy with a track record of over 11 years, while the latter is a multi-asset macro strategy with a history of nearly 10 years. The eight-person LGT team will now operate as One River Switzerland AG, establishing the Connecticut-based hedge fund's first physical presence in Europe. LGT Capital Partners will continue to be a significant investor in both of the strategies after the transfer. This deal reflects a larger trend of consolidation among alternative asset managers who are seeking to gain scale to cover the rising costs of technology, data, and infrastructure. The move is part of a growing popularity in systematic investing, which utilizes rules-based models for trading, driven by technological advancements and a search for consistent returns. One River Asset Management was founded in 2013 by Eric Peters, who serves as the company's CEO and CIO.
