Natixis Global continues its acquisition with a majority stake in Darius Capital Partners. French Fund Natixis Global Asset Management announced on September 6th the acquisition of a majority stake in Darius Capital Partners, an investment and hedge fund consulting firm. Darious Capital Partner which was founded by Reza Ghodsi and Mathieu Klein is based in Paris and it has offices in New York. This is how Natixis Global’s new acquisition Darius Capital Partners describes itself:
“Advisory: Darius Capital designs customized portfolios based on each client’s specifications. We construct portfolios of hedge funds and fund of funds, as well as hedge fund managed accounts, beta-trackers, alternative ETFs and UCITS, for clients seeking liquid and transparent solutions. We are experienced in analyzing a broad spectrum of hedge fund strategies and in building portfolios around various investment structures.
Research: Darius Capital provides investment and operational due diligence services on single managers and fund-of-funds, including UCITS, managed accounts and funds of distressed hedge fund shares, through a comprehensive review of the manager’s investment strategy, research process, portfolio construction and risk management procedures. Operational due diligence includes on-site reviews, service provider verifications, NAV determination, regulatory issues, background examinations and counterparty checks. Darius Capital has also provided due diligence services on Private Equity funds.”
It is expected that the deal will strengthen Natixis Global Asset Management (NGAM)’s position in alternative investment markets and will expand its presence in Europe and Asia.
Natixis Global is a subsidiary of Natixis which is a French corporate and investment bank. Natixis Global Asset Management (NGAM) also acquired a majority stake in asset management start-up Ossiam in October 2010 and London based H2O Asset Management in July 2010.
In 2008, Natixis announced that it lost more than US$450 million in the Madoff investment scandal—the largest Ponzi scheme in history. Natixis Global has 532 Billion Euros under management globally. Natixis Global has $312.9 billion in AUM in the United States. Aurora Investment Management, Capital Growth Management, Caspian Capital Management, Gateway Investment Advisors, Hansberger Global Investors, Harris Associates, Loomis Sayles & Co., Synder Capital Management, and Vaughan Nelson Investment Management are affiliated with Natixis Global.