US-based alternative investment platforms Altegris and Artivest have completed the merger of their businesses.
The deal, which will create a $3bn alternative investments platform, was first announced in February this year.
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The combined group will operate under the Artivest brand and will be based in both New York and California.
The Altegris range of private and public alternative funds will continue to operate under the Altegris brand, and will serve as Artivest’s asset management arm.
Artivest founder and CEO James Waldinger said: “Artivest is now the largest independent alternative investment solutions team. Our mission is to utilise our deep bench of technology and investing expertise to offer vetted alternative investments to the widest possible audience of suitable investors.”
Waldinger will lead the merged entity as CEO, while Altegris founder and CIO Matt Osborne will continue as CIO.
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By GlobalData“The alternatives industry is being disrupted and reshaped by demand from new participants. Affluent individuals and their advisors are seeking far greater access to institutional-quality private alternatives for their alpha, diversification and risk mitigation potential, and Artivest has the capabilities to do just that,” Osborne stated.
