US investment advisory firm Cambridge Associates is buying Swiss alternative investment firm SIGLO Capital Advisors in a move to expand its research and investment capabilities in Europe.
SIGLO is a provider of alternative investment solutions, including insurance-linked securities and private credit, to institutional and professional investors in Switzerland. The Zurich-based firm has around US$2.5 billion of assets.
The acquisition “adds a highly complementary alternatives business” to Cambridge Associates’ private investment platform, the US company says in a statement on September 3. It didn’t disclose the price.
The deal is expected to be completed this autumn subject to approval from the Swiss Financial Market Supervisor Authority.
“We’re excited to bring our renowned research and investment capabilities to SIGLO’s clients and other investors in Switzerland and the broader region,” says Alex Koriath, head of European pension practice at Cambridge Associates.
Boston-based Cambridge Associates has around US$548 billion in assets under advisement and $67 billion of assets under management.
