A specialist asset management firm has bought in a second alternative UCITS mandate from Griffin Capital Management.
Renaissance Asset Managers – which focuses on Emerging Europe, Russia and Africa investment strategies – has now bought the long/short Griffin Eastern European Value Fund and the long-only Griffin Ottoman Fund. The acquisition of the funds pulled in $116 million into RAM and follows its earlier acquisition of the $252 million Griffin Eastern European Fund in December 2011. The asset manager now has $570 million in its emerging markets UCITS fund range.
The Griffin Eastern European Value Fund will be renamed