Pensions & Investments – Terms were not disclosed for the all-cash transaction that was announced Tuesday said an AlphaMetrix spokesman who asked not to be named. The deal closed Dec. 10.
AlphaMetrix will integrate Spectrum’s operations into its own to broaden its existing independent hedge fund investment platform to include more than 100 hedge fund managers with about $20 billion under management, said the spokesman. Prior to the Spectrum acquisition, AlphaMetrix’s platform featured access to managed futures managers with a total of $2.4 billion of assets under management, the spokesman said.
