WEST PALM BEACH, FL (HEDGECO.NET) – Sal. Oppenheim was founded in 1789 and is based in Cologne, Germany. Active in the field of corporate finance, Mergers & Acquisitions, Equity Capital Markets, Real Estate Advisory and Financial Institutions they have recently acquired sizable stakes in London-based hedge fund providers Attica Alternative Investments and Integrated Asset Management.
Oppenheim already had E 200m invested in its own fund-of-hedge funds, they also have around E 17bn in institutional assets under management. Roughly 40% of this volume came from pension funds.
Sal. Oppenheim said that in a complex transaction, it had acquired a 49.9% stake in AAI and a 27% stake in IAM. The bank added that as a result of the deal, it had gained another 1bn in assets managed by hedge funds.
“The deal provides us with an excellent position in Europe’s hedge fund market†commented Detlef Bierbaum, managing partner at Sal. Oppenheim in charge of asset management.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: [email protected]
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