Swiss private bank EFG International has acquired UK hedge fund group Marble Bar Asset Management. MBAM, which was set up in 2002, has $4.4 billion in institutional and ultra-high-net-worth assets under management. It specializes in long/short equity strategies.
It is the second acquisition for the private bank of an alternatives house. In February 2006, EFG International acquired CM Advisors, a fund of hedge funds business. Total client...
