RCM Alternatives to Acquire Commodity Brokerage Attain Capital Management.
M2 EQUITYBITES-March 4, 2015-RCM Alternatives to Acquire Commodity Brokerage Attain Capital Management
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4 March 2015 - US-based broker RCM Alternatives has entered into an agreement to join forces with US-based commodity brokerage firm and commodity pool operator Attain Capital Management, the company said.
Under the deal, RCM will acquire Attain's fund offerings, education, research and database assets while bringing its principals and employees under the RCM umbrella.
The transaction is expected to close in the first week of March.
Both Chicago-based companies specialise in pairing high net-worth individuals, investment advisors, and institutional investors with commodity-focused managed futures investments through separately managed accounts and private funds.
According to RCM, the combination of these leading companies in the managed futures space underscores the growing demand for access to alternative investments that can work as a hedge against market volatility and provide diversification through their low-correlation to traditional asset classes such as stocks and bonds.
All of Attain's employees will be joining RCM, and RCM will fully support Attain's educational efforts, including their popular Attain Alternatives Blog, an industry-leading source of information about managed futures and alternative investments, ensuring it is business as usual for current customers of Attain.
RCM will also acquire Attain Portfolio Advisors, LLC. APA is a registered Commodity Pool Operator and manager of a family of privately offered, commodity based alternative investment funds through www.AttainFunds.com.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Mar 4, 2015|
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