<!-- Swiftype Variables -->

Money Management

H20 Asset Management takes stake in Hong Kong manager Poincare Capital Management

H2O Asset Management acquired a strategic stake in Hong Kong-based money manager Poincare Capital Management, said a spokesman for H2O.

Financial details and the size of the stake were not disclosed, added the spokesman. The deal is subject to regulatory approval.

H2O, an affiliate of Natixis Global Asset Management, said in a news release that the move follows "recent communication on the limited management capacity left in (H20's) high-risk global macro products, and on its ambition to expand its range of investment products through acquisitions that remain close and complementary to its DNA."

Poincare focuses on global equities driven by Asian growth. Assets under management were not disclosed, said the spokesman. There are no changes to personnel.

The spokesman added that the stake adds a new capability to H2O. The firm, which specializes in global macro multistrategy management, has $16 billion in assets under management.

"We see H2O as the perfect partner to help us capitalize on our vision of the growing influence of Asia globally," said Alex Casin, CEO at Poincare, in the release.