Neuberger fund Dyal buys stake in Paris-based quant group CFM

Tue Dec 13, 2011




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...

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