Brevan Howard Asset Management acquires Liquid Opportunities hedge fund from Dragonfly
According to reports, people familiar with the matter said that Brevan Howard Asset Management had reached an agreement with Dragonfly to take over Liquid Oppor
According to reports, people familiar with the matter said that Brevan Howard Asset Management had reached an agreement with Dragonfly to take over Liquid Opportunities, a hedge fund of Dragonfly.
Insider: Brevan Howard will take over the Liquid Opportunities Fund of Dragonfly
Analysis based on this information:
Brevan Howard Asset Management, a UK-based investment management firm, has reportedly finalized a deal with Dragonfly to acquire the hedge fund, Liquid Opportunities. As per sources, Brevan Howard is set to acquire the Hong Kong-based hedge fund, which focuses on macro and relative value investments. Although the financial terms were not disclosed, the acquisition will help Brevan Howard to extend its footprint and diversify its offering in the alternative investment market.
The acquisition is expected to take effect later in September, where Brevan Howard will acquire full management of Liquid Opportunities. According to reports, the implementation of the agreement is awaiting approval by the Securities and Futures Commission of Hong Kong. Upon completion, the existing investment professionals from Liquid Opportunities will join Brevan Howard’s investment team and will continue to operate in Hong Kong.
The acquisition is a strategic move for Brevan Howard Asset Management to cement its presence in the Asia Pacific market, which has been expanding in the past few years. Moreover, acquiring Liquid Opportunities will enable the firm to expand its expertise in discretionary macro strategy and add to its suite of investment products. The acquisition will also allow Brevan Howard to access the Chinese market better and compete with other hedge funds that are increasing their presence in the region. The transaction marks the company’s commitment to further establish its place as a global alternative investment firm.
In conclusion, the acquisition signifies Brevan Howard’s commitment towards their expansion plan in the Asian market. The Liquid Opportunities hedge fund will complement the diversified product suite of Brevan Howard and enable the firm to offer a wider range of investment options to its clients. The acquisition will increase the competitiveness of the firm in the region and provides easier access to the Chinese market. Overall, this move is essential in the company’s journey of achieving global dominance in the alternative investment market.
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