Gottex Fund Management has completed the acquisition of a majority interest in Frontier Investment Management to increase its multi-asset exposure.
The combined firm will now be able to offer a range of liquid alternatives-oriented multi-asset products. The group will combine Frontier’s UK regulated investment products with Gottex’s existing active approach to macro markets to offer a range of products to global investors, with plans to launch additional products in Europe and the US.
Gottex multi-asset chief investment officer Bill Landes says: “Alternatives-oriented multi-asset investing is an area of enormous strategic potential for the asset management industry given the very moderate outlook for government bond portfolios and the ongoing volatility in equity markets.
“We firmly believe that liquid multi-asset portfolios with a substantial allocation to alternatives will generally do better than the standard 60/40 balanced portfolio, which is why the combination of Gottex and Frontier in the multi asset space offers such exciting opportunities.”
Frontier founder, cheif executive and CIO Michael Azlen will retain a substantial equity interest in Frontier, which has $550m in assets under management.
Azlen will continue to lead the Frontier business, and joins Gottex as a senior executive in its multi-asset business.
Azlen says: “We are pleased to complete this transaction and look forward to joining forces with Gottex.
”Collectively, we believe we have a strong team of highly regarded multi-asset professionals capable of delivering advanced liquid multi-asset products which go beyond standard balanced portfolios to provide investors with solutions better able to navigate the current trading environment.”