{"id":10482,"date":"2009-04-30T00:00:00","date_gmt":"2009-04-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"integrated-changes-tack-with-deal-to-sell-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/integrated-changes-tack-with-deal-to-sell-hedge-funds.html","title":{"rendered":"Integrated changes tack with deal to sell hedge funds"},"content":{"rendered":"<p>Reuters &#8211; Integrated Asset Management said on Wednesday it is repositioning as a pure play brokerage business after agreeing to sell a 51 percent stake in its French fund of hedge funds business.       <\/p>\n<p>The firm, listed on London&#8217;s AIM market, is selling the stake in Altigefi to Sal. Oppenheim in a deal which will also see the private banking group exit as Integrated&#8217;s major shareholder.<\/p>\n<p>The move is evidence of smaller asset management players being forced to reexamine their business models as the financial crisis changes the market place. A spokesman said Integrated&#8217;s decision to concentrate on brokerage came because it had become more and more difficult to achieve the scale thought necessary to successfully run a fund of funds business.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/hedgeFundsNews\/idUKLNE53S01V20090430\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Integrated Asset Management said on Wednesday it is repositioning as a pure play brokerage business after agreeing to sell a 51 percent stake in its French fund of hedge funds business. The firm, listed on London&#8217;s AIM market, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3545,2491,1454,1890,4726,709,11033,3364,243,2075,11034,4326,11032,1099,4545],"class_list":["post-10482","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-aim","tag-banking-group","tag-brokerage-business","tag-business-models","tag-financial-crisis","tag-fund-of-hedge-funds","tag-integrated-asset-management","tag-london","tag-percent-stake","tag-private-banking","tag-repositioning","tag-reuters","tag-sal-oppenheim","tag-shareholder","tag-spokesman"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10482"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10482\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}