Manning & Napier, Inc. is acquiring the business andoperations of 2100 Xenon Group, LLC, an alternative investmentmanager specializing in managed futures and global macro strategiesfor institutional and individual clients.

2100 Xenon’s clients include global financial institutions,public funds, fund of funds, high net worth individuals and familyoffices from around the world.

The purchase will enhance Manning & Napier’s alternativecapabilities and provide increased product diversification toclients. The acquisition is subject to regulatory approvals and isexpected to close in the second quarter. Financial terms of thetransaction were not disclosed.

As part of the transaction, Manning & Napier will acquirethree alternative investment product track records and addpersonnel with investment expertise in managed futures, includingJay Feuerstein, founder, CEO and chief investment officer of 2100Xenon and Jeff Bolduc, director of research.

Feuerstein will take over as managing director of alternativestrategies for Manning & Napier’s Senior Research Group. Bolducwill be a portfolio manager within the firm’s AlternativeStrategies Group.

“Manning & Napier has been actively searching for acomplementary manager to expand our investment managementcapabilities to include alternative strategies. Ourobjectives included both product diversification and expanding thesolution set we offer to our clients in today’s challengingenvironment. We believe the blend of our sales and servicecapability with the added investment expertise will prove a winningcombination,” Said Patrick Cunningham, CEO of Manning &Napier.

Manning & Napier provides a broad range of investmentsolutions through separately managed accounts, mutual funds, andcollective investment trust funds, as well as a variety ofconsultative services that complement our investment process.

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