Independent financial risk management and advisory firm Validus Risk Management has acquired investment firm La Financière Constance (LFC) for an unknown sum.
LFC is a Canada-based investment company with a special focus on quantitative and derivatives-based strategies.
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It also offers risk-management, hedging and overlay advisory services to family offices, institutional investor, and businesses.
The acquisition forms the basis for Validus’ new business, Global Macro Strategies (GMS).
With GMS, Validus is looking expand its product and service offerings for its institutional client base including pension funds and family offices.
LFC Partner Kambiz Kazemi, who has been appointed as Validus chief investment officer, will oversee the new business.
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By GlobalDataValidus CEO Kevin Lester said that LFC’s expertise in overlay and derivatives strategies is an excellent complement to the company’s core business.
Lester added: “Validus has always distinguished itself from other risk advisors and overlay managers through its ability to customise hedging strategies based on unique client objectives.
“As this requires the ability to understand the macro environment and its potential impact on hedging strategy and implementation, LFC’s expertise is a great asset and will increase our competitive advantage.”
The GMS business, which leverages LFC’s expertise in developing systemic and rules-based investment strategies, is expected to boost Validus’ core risk and hedging offering.
Commenting on the development, Kazemi said: “It is for It is a great pleasure to join Validus, and a natural step given the great synergies between LFC’s expertise and that of Validus.
“The strong reputation and expertise of Validus in risk management and designing custom hedging solutions as well as its international presence in Europe and North America offer the opportunity for LFC to become part of a great success story.”
Last August, Toronto-based Guardian Capital Group inked a deal to acquire a majority stake in Virginia-based investment management company Agincourt Capital Management.
