Affiliated Managers Group brokered a merger between affiliates Renaissance Investment Management and Bowling Portfolio Management. The combined company will be called Eden Park Group, but the investment strategies will continue to be sold under their original brands. AMG will own a majority of Eden Park, and Renaissance and Bowling managers will hold a "significant but unspecified equity stake.
Investment management teams will remain separate, but the company expects to find overlap in administrative, marketing, client service and technology areas, without moving staff to a single location, said Nathaniel Dalton, head of AMGs affiliate development program.
Renaissance manages $700 million in growth equity and tactical asset allocation strategies for institutional and individual investors. Bowling manages $400 million in large-cap value equities for high-net-worth individuals.