Management of Larch Lane Advisors LLC Signs Agreement to Acquire Existing Business from Old Mutual Asset Management
NEW YORK, Oct. 11, 2012 /PRNewswire/ -- Larch Lane Advisors ("Larch Lane"), an industry leader in early stage hedge fund investing and seeding, announced today that its existing management team has signed a definitive agreement with its parent company, Old Mutual Asset Management (US), to acquire the firm and its business. The transaction is expected to close by the end of 2012. Following the close of the transaction, Larch Lane will be 100% employee owned and its management team, led by Mark Jurish, will continue to operate the business in the same manner as it is currently conducted, with no changes to its executive team, operating procedures, or investment philosophy.
"There is no better investment than in our firm and our people. With an employee owned management structure, we're able to be more nimble in our strategic approach to the business and enhance the future success of our firm," commented Mark Jurish, Founder of Larch Lane. "We remain committed to providing clients with actively managed portfolios that focus on early stage hedge fund investing and seeding and to delivering the responsive, personalized client service that is the hallmark of our firm."
About Larch Lane Advisors LLC
Larch Lane is a SEC registered investment advisory firm founded in 1999. It specializes in early stage hedge fund investing through its funds of hedge funds portfolios and its hedge fund seeding platform.
SOURCE Larch Lane Advisors