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Busson to Sell His EIM Hedge-Fund Investment Firm to Gottex

Arpad Busson will become chairman of Gottex Fund Management Holdings Ltd. after selling his EIM SA hedge-fund investment firm to the Swiss asset manager in an all-stock transaction.

Gottex will pay about 31.5 million Swiss francs ($36 million) in shares for EIM, the Lausanne, Switzerland-based company said in a statement today. EIM investors will own as many as 14 million Gottex shares, giving them a stake of about 30 percent in the new group, according to the statement.