New York (HedgeCo.Net) – Receiving legal and regulatory approval, alternative investor GEMS Group has acquired hedge fund group Kenmar-Olympia.

“We are very happy to have concluded this acquisition that reinforces our research and international distribution capabilities.” Dr David Goldfarb, Managing Director of GEMS Investment Research said.

This merger launches the GEMS Kenmar-Olympia Group, which manages over $2 billion through a wide range of asset management products and services both in financial and real estate markets.

“The group offers in particular multi-strategy alternative and long only funds of funds on macro and thematic strategies; as well as a range of systematic global and sectorial single funds.” The hedge fund group said. “GEMS Kenmar-Olympia Group is also active in private banking, provides family office services and offers life insurance contracts linked to alternative and traditional vehicles.”

The GEMS Kenmar-Olympia Group has  offices in London, Paris, New York, Tel-Aviv, Geneva, Nassau, Buenos Aires and Singapore. Each firm of the new Group will continue to develop its own clientele capitalizing on improved research skills as well as better operational capabilities.

Alex Akesson
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alex@hedgeco.net
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