One River Acquires LGT Capital Partners Unit
One River Asset Management has acquired the quantitative investment solutions team and strategies from LGT Capital Partners. The deal brings over $900 million in additional assets under management to One River's platform. The acquisition includes two long-established systematic investment strategies.
- The acquisition increases One River's total assets under management by approximately one-third, bringing the firm's total to around $3 billion. - The acquired eight-person team will establish One River Switzerland AG in Zurich, marking the U.S.-based hedge fund's first physical office in Europe. - One River was founded in 2013 by CEO and CIO Eric Peters, who also serves as the CEO of Coinbase Asset Management. Coinbase acquired One River's digital asset subsidiary, One River Digital Asset Management, in March 2023. - The two acquired funds will be renamed One River Dynamic Protection, a long volatility strategy with an 11-year track record, and One River Systematic Macro, a multi-asset strategy with a nearly 10-year track record. - Seller LGT Capital Partners is a global alternative investment specialist with over $110 billion in assets under management; it will remain a significant investor in both strategies post-acquisition. - This deal is part of a wider consolidation trend in the asset management sector, as firms seek to gain scale to cover rising costs in technology and data. Some analysts project that 20% of existing wealth and asset managers could be acquired by 2029. - The acquired team specializes in systematic investing, which relies on rules-based models. Quantitative multi-strategy hedge funds have seen increased interest after delivering annualized returns of nearly 13% over the five years ending in 2025.
