Mergers & Acquisitions / Joint Ventures

Punter Southall hooks up with Fortune AM

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Punter Southall and Fortune Asset Management have teamed up to offer hedge fund advisory services, allowing UK clients of Punter Southall access to Fortune's research, advisory and product expertise. To do this, Fortune will take over the management of its Alternative Investment Strategies' three Ireland-listed funds from Grenfell PAI, which has been sub-adviser until now.

The move is the latest change for Punter Southall, which teamed up with Octane in October. The $400 million fund of funds business was formed from the merger of Psolve Alternative Investments' business and the fund of funds assets of Grenfell Fund Managers