FundFire: 1251’s Diffractive Buying $3.1B Asset Mgmt Platform

Multi-affiliate asset manager Diffractive Managers Group is acquiring F/m Acceleration, a $3.1 billion-asset platform for breakaway asset managers. The firm houses investment brands including Genoa Asset Management, Integrated Alpha Investments and North Slope Capital, and this summer launched a suite of U.S. Treasury ETFs, the US Benchmark Series. “These expanded capabilities and increased range of products will enable us and our investment partners to win in an increasingly competitive investment arena,” said Diffractive Chairman John Hailer. Read more.