Private Banker International: Diffractive to buy multi-boutique asset manager F/m Acceleration

Multi-boutique asset management firm Diffractive Managers Group has agreed to acquire fellow multi-boutique F/m Acceleration, creating a firm with $23 billion in assets under management. Diffractive chairman John Hailer, who will remain as chair of the combined company, said, “The acquisition of F/m by Diffractive will bring together complementary skill sets and resources allowing us to augment our centralized distribution capabilities with F/m’s proven expertise at delivering innovative new product structures and back-office efficiencies while setting up scalable operations. These expanded capabilities and increased range of products will enable us and our investment partners to win in an increasingly competitive investment arena.” Read more.