The acquisition was announced on 28 February and concerns 74.95% of Arkos, while agreements have been closed with the management of the latter to purchase the remaining 25.05% in the future.
Gam said the investment team at Arkos will be fully retained and will continue to operate from the company’s current base in Lugano, Switzerland.
Arkos will add assets of around CHF 779m to Gam Group (as at 30 June), which it has grown from CHF 664m AUM at 31 December 2011.
It has a range of onshore and offshore absolute return funds, which includes long/short equity strategies across Europe and emerging markets, as well as a specialist offering that focuses on financial securities and an active convertible bond strategy.
