Guggenheim Alternative Asset Management

O braço de asset management da Guggenheim foi vendida para o Bank of Ireland.

Bank of Ireland buys U.S. fund of hedge funds firm

DUBLIN (Reuters) - Bank of Ireland said on Tuesday it had agreed to pay $184 million (104 million pounds) for 71.5 percent of Guggenheim Alternative Asset Management, a U.S. fund of hedge funds manager focused on institutional and high net-worth clients.
The New York-based company, with around $2.8 billion under management, is part of leading private wealth and investment management firm Guggenheim Partners, Bank of Ireland said.
Ireland's second-biggest company by market value, Bank of Ireland said the acquisition was part of its strategy to expand its portfolio of niche skill-based businesses internationally.
"We believe their sophisticated fund of hedge funds platform will be an attractive option for our institutional clients," the bank's chief executive, Brian Goggin, said in a statement.
Dominic Curcio, managing partner of Guggenheim Partners, said the deal would help the firm to grow by harnessing Bank of Ireland's international distribution capability.
Under the deal, due to close at the end of January, the management of Guggenheim Alternative Asset Management will retain 11 percent and Guggenheim Partners 17.5 percent.