Sciens Capital Management of New York has completed its acquisition of the institutional investment management business of London-based Atlas Capital Associates Ltd. No financial terms were disclosed.
SCIENS CAPITAL MANAGEMENT (Sciens) is pleased to announce that it has completed the purchase of the institutional investment management business of ATLAS CAPITAL ASSOCIATES LIMITED (Atlas). Sciens has purchased 100% of Atlas Capital Limited, Sigma Asset Management (Guernsey) Limited, Atlas Capital Tokyo and Axis Capital Management (Bahamas) Ltd.
The combination has created an international investment management organization with approximately US$4.5 billion under management and advisory mandates. It brings into a single investment and marketing platform the Sciens diversified funds of hedge funds and the Atlas thematic offering such as the Alternative Income Fund and the Dynamic Trading Fund among others. Sciens also manages the Sciens Special Situation Master hedge fund and private equity, real estate and aviation funds.
Atlas’ wealth management business, including Deltec Bank & Trust, a wholly owned private bank in the Bahamas, is not part of the transaction. It is retained by Atlas and continues to operate separately.
Issued by Sciens Hedge Fund Management LLC, which is regulated as a Registered Investment Advisor by the US Securities and Exchange Commission, of 667 Madison Avenue, New York, NY 10065. Atlas Capital Limited is authorized and regulated by the Financial Services Authority and is located at 33 Cavendish Square, London W1G 0PW. This press release has been issued for information purposes only and does not constitute an offer to carry on investment business with any recipient. This press release is not directed at you if you are not a journalist or press officer, or if we are prohibited by any law of any jurisdiction from making the information in this press release available to you. Sciens(R) is a registered trademark.