Hedge Fund One River Acquires Quant Arm of LGT Capital Partners

One River Asset Management is buying the quantitative investment unit of LGT Capital Partners, a deal that will boost the hedge fund’s assets by roughly a third to about $3 billion.

The Connecticut-based systematic hedge fund will acquire the Swiss firm’s eight-person quantitative investment solutions team, as well as its strategies, with the transfer expected to conclude in the middle of this year. No financial terms were disclosed.