Mergers & Acquisitions / Joint Ventures

Mesirow takes over Wells Fargo RIC


As the momentum gathers pace in the US-registered investment company space, Alternative Strategies Group has teamed up with Mesirow Advanced Strategies to run what is now called the ASGI Mesirow Insight Fund, the master fund in a master/feeder RIC structure. This puts Mesirow, which has $14.27 billion in funds of funds, alongside the $2.73 billion Corbin Capital Partners and $10.21 billion Aurora Investment Management as sub-advisers to ASGI fund of hedge funds targeting high-net-worth and retail investors.

The RIC is a distribution structure that allows funds of funds to gain assets from a different segment of the investor