Global alternative asset management group, Gottex Fund Management (Gottex) has entered into an agreement to acquire a majority interest in Frontier Investment Management, in an undisclosed transaction.
After completion of the transaction, Frontier founder and CEO/CIO Michael Azlen will hold considerable stake in the firm and join the acquirer as a senior executive in its multi-asset business.
Reporting to Bill Landes, global CIO of Gottex multi-asset business, Azlen will be accountable for expanding Gottex’s European multi- asset business, initially from Frontier’s UK base.
Acquisition of Frontier, a multi- asset investment manager with $550m of assets under management, is subject to certain conditions, as well as pending receipt of regulatory approvals.
The integrated business will build capabilities that range from liquid low cost multi-asset index replication portfolios to actively managed multi- asset funds, claims the acquirer.
Apart from facilitating global market for its products marketing, Gottex will be able to access Frontier’s retail distribution in the UK through its IFA channels.
Operating in Guernsey, Lausanne, London, Hong Kong, New York, Boston, Luxembourg and Zurich, Gottex offers portfolio selection, asset allocation advice, and risk management, investment monitoring and advisory services to institutional clientele.