Swiss boutique acquires Vontobel AM's hedge fund unit

Swiss investment boutiqueProgressive Capital has agreed to acquire Vontobel Asset Management's Alternative Fund Solutions unit. Further to an existing mandate and a fund solution, their current team of four specialists will be joining Progressive Capital. More than 80% of the assets under management within this unit originate from pension funds. The team of experienced alternative investment specialists have been developing investment solutions for institutional clients such as pension funds,...