Natixis continues spending spree in Europe
Natixis Global Asset Management (NGAM) has made its third acquisition in just over a year with the addition of Paris-based Darius Capital Partners to its range of affiliated investment management companies.
This follows the acquisition of Parisian asset management start-up Ossiam in October 2010 and London-based H20 Asset Management in July 2010.
Ossiam is an ETF provider and H20 a global macro, multi-strategy asset management company. Since partnering with NGAM, H20 has already reached €2bn of assets under management despite only launching a year earlier.
Darius Capital, an investment advisory and research company, was founded in 2004 to provide customized hedge fund solutions such as gatekeeping, due diligence and portfolio construction services. Its clients are institutional investors including insurance companies, pensions, asset managers and banks.
The company sources, builds and monitors bespoke portfolios of single managers and managed accounts, as well as providing investment and operational due diligence on single managers and fund of funds to assess potential performance and isolate key operational risks.
Darius Capital will remain independent in its solutions design and investment approach. The company will now be able to leverage off NGAM’s global sales force, particularly in Europe, the Middle East and Asia.
The three founding partners of Darius Capital, Reza Ghodsi, Mathieu Klein and Benoît Migeot, have several decades of experience between them of the asset management industry.
Ghodsi spent 10 years at Lehman Brothers, Paris, where he was in charge of institutional coverage of French insurance companies within the fixed income division. Klein was previously founder and president of Trade Europa, a software company designing quantitative support tools for European equity investment. Migeot worked for a French Commodity Trading Advisor following 11 years at Lehman Brothers.
NGAM now has 20 affiliated investment management companies including $11.5 billion fund of hedge fund manager Aurora Investment Management. NGAM has an estimated $773bn (€533bn) AUM as of 30 June 2011. NGAM is part of Natixis, a subsidiary of BPCE, the second-largest banking group in France.