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Money Management

Berens Capital Management merges with Alternative Investment Group

Hedge fund manager Alternative Investment Group and emerging and frontier markets equity manager Berens Capital Management will merge effective June 1, a spokeswoman said.

Terms of the deal, which will close on June 1, are not being disclosed. Rodney Berens, founder and co-chief investment officer at Berens, and Timothy Schilt, co-CIO, will continue as co-CIOs of the Berens strategies and will become partners at Alternative Investment Group.

The majority of Berens Capital Management staff is expected to remain, according to a news release.

Alternative Investment Group has about $900 million in assets under management; Berens Capital Management has about $350 million in AUM.