Deals
Arden Takes Over Robeco Group’s Hedge Fund of Funds Business
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Arden Asset Management LLC, a New York-based firm that farms money out to hedge funds, plans to take over Robeco Group’s $1.3 billion hedge fund of funds business.
The transfer, scheduled to close on Oct. 1, will bring Arden’s assets to $8.5 billion, Arden said in a statement today. The two companies did not disclose details of the transaction. Generally, such deals involve a sharing of revenue.