Consulting firm Mercer has acquired BFC Asset Management, a hedge fund multi-manager based in Japan, for an undisclosed sum.
Founded in 2006, BFC focuses on investing in performance-enhancing solutions with an aim to offer positive absolute returns to well-diversified portfolios and mitigating risk at the same time.
Through the takeover of BFC, Mercer aims to strengthen its delegated solutions service business in Japan that was launched in May 2015.
Mercer also noted that the deal will and expand its alternative and non-alternative investment offering including long-short funds, private equity and debt, real estate, infrastructure, hedge funds, as well as commodities.
Commenting on the acquisition, Mercer CEO for Japan and Far East ZoneTatsuya Kamoi said: “BFC is a truly client centric firm and one of Japan’s successful providers of alternative investment solutions focusing on hedge fund and private equity strategies. They are an ideal complement to Mercer’s nearly 40 year history of strength and success in the provision of strategic investment advice in Japan.
“The combination of our firms will ensure Japanese investors have access to world class delegated investment solutions, including a spectrum of traditional and alternative investments, research and advice capabilities.”