Asset Alliance Corp. acquired a 50% equity ownership interest in JMG...

Asset Alliance Corp. acquired a 50% equity ownership interest in JMG Capital and its affiliate, Pacific Assets Management. It also will buy a 50% stake in Metropolitan Capital Managers and its affiliate, Metropolitan Capital Advisors. Terms of the deals were not disclosed. JMG specializes in market-neutral arbitrage strategies and manages $300 million. Metropolitan Capital, which also manages $300 million, focuses on event-driven investment strategies.