(Reuters) - June 26 - Asset management firm BlackRock Inc. said it agreed to acquire the fund of funds business of Quellos Group LLC for up to $1.7 billion, in a move to expand its alternative investment operations. BlackRock said it will combine its hedge and private equity fund of funds activities, following the acquisition.
The combined business is expected to have more than $25.4 billion in assets under management.
Read more at Reuters.com Mergers News
The combined business is expected to have more than $25.4 billion in assets under management.
Read more at Reuters.com Mergers News
No comments:
Post a Comment