Bahrain's Investcorp Bank on Monday said it has bought the Hedge Fund of Funds business unit of the United States' SSARIS Advisors for an undisclosed amount.
The acquisition seems part of the Bahraini firm's aim to more than double its assets under management within seven years.
The unit has about $800 million in advisory and discretionary assets, Investcorp said in a statement. Four senior employees from the unit will join Investcorp's New York office.
Read more at Reutershttp://www.reuters.com/article/2015/11/09/investcorp-bank-ma-idUSL8N1340KD20151109#1cYLJOxmJ3vHGKFa.99
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