Italian manager acquires alternative boutique
Italian advisory and asset management firm Fiduciaria Orefici SIM, part of financial group Fiduciaria Orefici (GFO), has fully acquired alternative fund manager Alpi Fondi SGR from I2 Capital Partners.
The acquisition has been completed on 23 June and will see a merger of the two companies. The new entity will primarily target institutional and high-net-worth individual clients.
Alpi Fondi SGR, which was launched in 1997, runs a range of Italy-domiciled absolute return funds including alternative investment fund Alpi Hedge and two other vehicles Alpi Multi-Strategy and Soluzione Alpi Prudente.
Absolute return is a space in which Fiduciaria Orefici Sim has strengthened its fund offering in recent years. Since 2016, it operates as delegated management company of the Luxembourg-domiciled Sicav Alicanto.