Manning & Napier, Inc. is acquiring the business and operations of 2100 Xenon Group, LLC, an alternative investment manager specializing in managed futures and global macro strategies for institutional and individual clients.
2100 Xenon’s clients include global financial institutions, public funds, fund of funds, high net worth individuals and family offices from around the world.
The purchase will enhance Manning & Napier’s alternative capabilities and provide increased product diversification to clients. The acquisition is subject to regulatory approvals and is expected to close in the second quarter. Financial terms of the transaction were not disclosed.
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