ABN Amro Asset Management is buying fund of hedge funds (FoHF) manager International Asset Managemen...
ABN Amro Asset Management is buying fund of hedge funds (FoHF) manager International Asset Management (IAM), creating a $4bn FoHF operation. ABN's existing $1.4bn FoHF business will combine with IAM's, with respective portfolios remaining separate. Frank Goasguen, global head of institutional sales at ABN Amro AM, said IAM's five partners will sit in ABN's management structure and be involved in the running of the business. While ruling out more purchases, he expected the group to expand in Asia and the US.
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