Manning & Napier has completed the purchase of 2100 Xenon Group, an alternative investment firm specializing in managed futures and global macro strategies for institutional and individual clients for an undisclosed sum.
The deal has enhanced Manning & Napier’s investment management offerings to include alternative capabilities and product diversification to tackle market conditions.
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Financial terms of the transaction have not yet been disclosed.
As part of the deal, Manning & Napier has purchased three alternative investment products called Xenon strategies including a global managed futures strategy, a long/short global fixed income futures product, and a futures alpha product.
The company said that the 2100 Xenon team is expected to manage strategies consistent with current resourcing and begin participation in broader mandates addressing specific client risks over time.
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