Dyal Capital Partners, a private equity fund managed by New
York-based investment management group Neuberger Berman, has
bought a passive minority interest in Capital Fund Management
SA (CFM) - the long-running $5 billion Paris-based quantitative
hedge fund group.
Dyal is acquiring its interest from the estate of CFM's
founder, Jean-Pierre Aguilar - who died in a flying accident in
2009. The rest of Aguilar's interest has been purchased by
CFM's senior management team, who will maintain majority
ownership of the firm.
Under the terms...