Mergers & Acquisitions / Joint Ventures

Arden takes over Robeco FoHFs

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Arden Asset Management, the $7.2 billion fund of funds founded in 1993, is taking over the $1.3 billion fund of funds business of the Robeco Group.

The $1.3 billion in assets will take the New York-based firm’s assets close to the $10 billion mark, which is the new institutional asset sweet spot for investors looking to hire firms to offer both commingled funds and customised products.

Two years ago, Arden struck a deal to manage a $1.1 billion proprietary hedge fund of funds portfolio for JP Morgan’s investment banking division.

As part of