Aspect Capital acquired dynamic currency trader Auriel Capital Management to further diversify the systematic global macro manager’s investment capabilities.
Asif Noor and Anoosh Lachin, Auriel Capital’s founders and managing partners, joined Aspect Capital in February as portfolio managers as part of the deal, said Katie Reading, a spokeswoman for Aspect.
Financial terms of the February transaction are not being disclosed, Ms. Reading said.
“Medium-term trend following will remain our core focus as it has been since our inception 18 years ago,” said Anthony Todd, Aspect’s CEO, in a news release, adding that the firm is “always interested in opportunities to bring in exceptional managers and high-caliber strategies for the benefit of our investors.”
Aspect Capital manages $6.6 billion, $1.4 billion of which came from Auriel Capital.