FWM Holdings, the parent company of US-based multi-family offices Forbes Family Trust (FFT) and LGL Partners, has agreed to acquire Optima Fund Management.
The New York-based private investment firm, which specialises in alternative investments, will become a wholly-owned entity of FWM.
As part of the deal, Optima founder D. Dixon Boardman will remain chief executive of the firm and will join FFT as vice chairman.
“Dixon and his investment team have been pioneers in the hedge fund industry for more than 30 years, and we are excited to welcome a trusted partner who brings expertise and a strong track record,” said Keith Bloomfield, chief executive and a founding partner of FWM Holdings.
“Optima also has deep relationships with top managers, which is essential for access to the most promising funds. We believe Optima delivers strategies that are well-positioned to perform as markets grow more volatile.”
The acquisition is expected to close in the third quarter of 2019.
Financial terms were not disclosed.
