Affiliated Managers Group Announces Investment In Ivory, Abax, Systematica

(RTTNews) - Affiliated Managers Group Inc. (AMG), a global asset management company, said that it has entered into a definitive agreement to acquire an equity interest in Ivory Investment Management, L.P. After the closing of the transaction, Ivory's senior partners will continue to hold a majority of the equity of the business and direct its day-to-day operations. The terms of the transaction were not disclosed.

As part of the transaction, Ivory's senior partners have agreed to long-term commitments with the firm. The transaction is expected to close by December 31, 2015.

Founded in 1998, Ivory is a investment firm with a 17-year history of alpha generation through a research-intensive, fundamental value-based approach. As of September 30, 2015, Ivory managed approximately $3.6 billion in assets across long/short equity and long-only investment strategies, with the principal investment objective of delivering high absolute returns on a risk-adjusted basis, with low correlation to market indices. Led by Founder and Head Portfolio Manager Curtis Macnguyen, the firm's senior partner group includes President and Chief Operating Officer Mark Waissar, Senior Portfolio Managers Neil Chudgar and Brad Lundy, and Head Trader Matt Bailey.

Separately, Affiliated Managers Group said that it has entered into a definitive agreement to acquire an equity interest in Abax Investments (Pty) Ltd . The terms of the transaction were not disclosed.

The transaction is expected to close by December 31, 2015.

With approximately US$5.4 billion in assets under management as of September 30, 2015, Abax is a leading investment manager specializing in South African equity, fixed income, and strategic and tactical asset allocation strategies, as well as a separate global equity strategy.

In a separate press release, Affiliated Managers Group noted that it has reached a definitive agreement with BlueCrest Capital Management LP to acquire the majority of BlueCrest's equity interest in Systematica Investments LP. The terms of the transaction were not disclosed.

The transaction is expected to close by December 31, 2015.

As of October 1, 2015, Systematica managed about $8.8 billion in assets for a diverse global client base which includes pension funds, sovereign wealth funds, endowments, foundations, and high net worth individuals. With offices in Geneva, London, New York, Singapore, and Jersey, the firm's 48 investment professionals are managed by Leda Braga, Chief Executive Officer, along with her senior management team.