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July 27, 2020

Baloise picks stake in Zurich asset manager Tolomeo Capital

Baloise Asset Management has bought a minority stake in Tolomeo Capital, a quantitative asset manager headquartered in Zurich.

Financial terms of the deal were not divulged.

Baloise aims to fortify its position as one of the leading Swiss rule-based asset managers through the deal.

The firm also plans to tap into synergies and complementary capabilities in automated investment solutions and alternative investments.

Tolomeo Capital Ivan Popovic CEO said: “We are confident that combining our capabilities and technologies with those of Baloise Asset Management in this partnership will help us to jointly establish ourselves in the market as a reliable and competent service provider.”

The deal forms part of Baloise’s strategy to address the hurdles related to data- and technology-based asset management.

Established in 2011, Tolomeo Capital focuses on data-driven and rule-based investment strategies in liquid asset classes.

Baloise too has expertise in rule-based investment solutions.

The deal is said to be a response to rising demand from institutional investors for transparent and cost-effective investment solutions.

Commenting on the alliance, Baloise Asset Management head Matthias Henny said: “The focus of this strategic partnership is not only on the collaborative development of products and solutions. It also promotes know-how sharing in the field of rule-based investing and associated activities such as risk management and investment operations.”

Last year, Baloise picked a stake in Brainalyzed Finance, a German start-up that focuses on evaluating data using artificial intelligence (AI) technology.

The use of AI by Baloise was specifically aimed at strengthening its third-party asset management business.

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