NEW YORK (HedgeWorld.com)–Asset Alliance Corp. has acquired an interest in Group G Capital Partners LLC and is providing seed capital to the firm.
The amount of funding was not disclosed. San Francisco-based Group G, which specializes in alternative credit strategies and employs a market-neutral fixed-income program, is the fifteenth manager acquisition for the Asset Alliance since it’s founding in 1996.
“Asset Alliance’s innovative platform and global distribution capabilities will help us raise capital and grow the firm while we concentrate on executing our investment strategy,” Geoffrey Gwin, chairman of the management team at Group G, said in a statement.
Mr. Gwin founded Group G, after being a consultant with Zola Capital Management in which Asset Alliance took a stake in early 2001.