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ReSolve Acquires Alternative Investment Manager Acorn Global Investments
Tuesday 10 July 2018

10 July 2018 - Canadian asset manager ReSolve Asset Management Inc. has acquired alternative investment manager Acorn Global Investments Inc., the company said.

Acorn Global specialises in managed futures and macro strategies.

Acorn has approximately USD 210m in assets under management and has had a long-standing and close relationship with ReSolve.

In connection with ReSolve's acquisition of Acorn, Acorn's personnel will amalgamate with ReSolve, as the continuing corporation, being the portfolio manager and investment fund manager of the Acorn Diversified Trust Fund and the ReSolve Adaptive Allocation Fund.

ReSolve Asset Management's business focus is to be a leader in systematic global investment strategies designed to complement and enhance traditional portfolios of stock and bonds.

The firm advises Institutional Offshore and US Delaware Private Pools, ETFs, mutual funds and accredited funds in Canada, the United States and internationally, including the ReSolve Adaptive Asset Allocation Fund in Canada and in the US offered via Rational Funds.
Date Published: 10/07/2018
Target: Acorn Global Investments
Country: Canada
Sector: Banking/Financial Services
Type: Corporate acquisition
Status: Closed
Buyer: ReSolve Asset Management
Terms of the deal were not disclosed