Forbes – ABN Amro Holding NV said it agreed to acquire International Asset Management (IAM), a London and New York-based fund of hedge funds manager with around 2.6 bln usd of assets under management.
The transaction is subject to the customary regulatory approvals and is scheduled to close during the first quarter, ABN Amro said, adding terms of the transaction are not disclosed.
ABN Amro Asset Management’s existing fund of hedge funds operations, which have 1.4 bln usd of assets under management, will be combined with IAM. The combined business will have over 4.0 bln usd of assets under management.
