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...