2100 Capital Group, the alternative investments subsidiary of Old Mutual Asset Management, acquired a controlling stake in Larch Lane Advisors, a fund of hedge funds and hedge fund incubator firm, said William Landes, 2100 Capital CEO. Terms were not disclosed.
Larch Lane's capabilities will complement 2100 Capital's efforts to develop multistrategy hedge fund products, tapping its own capabilities and the hedge funds being run by Old Mutual's stable of money managers, Mr. Landes said in a telephone interview. Even before 2100 Capital became an Old Mutual subsidiary in April, his company had planned to acquire those fund-of-funds and seeding capabilities, he said.
Larch Lane, established in 1993 by Mark Jurish, who remains CEO, currently manages $700 million in hedge fund assets for institutional investors.
