Reuters – Bank of Ireland (BKIR.I: Quote, Profile, Research) said on Tuesday it hadagreed to pay $184 million for 71.5 percent of Guggenheim Alternative Asset Management, a U.S. fund of hedge funds manager focused on institutional and high net-worth clients.
The New York-based company, with around $2.8 billion under management, is part of leading private wealth and investment management firm Guggenheim Partners, Bank of Ireland said.
Ireland’s second-biggest company by market value, Bank of Ireland said the acquisition was part of its strategy to expand its portfolio of niche skill-based businesses internationally.
