Press Release: ReSolve to acquire Acorn Global Investments
ReSolve Asset Management Inc. (“ReSolve”) is pleased to announce that it has agreed to acquire Acorn Global Investments Inc. (“Acorn”), an alternative investment manager specializing in managed futures and macro strategies. Acorn has approximately $210 million in assets under management and has had a long-standing and close relationship with ReSolve.
“We have worked closely with Acorn for many years. Their strong combination of investment research, execution, and operational capabilities lay the foundation for our next phase of accelerated growth” said Adam Butler, CEO of ReSolve.
The Acorn team’s long history as leaders in crisis-alpha oriented managed futures programs empowers an important extension of ReSolve’s strategy lineup.
“This amalgamation simply formalizes many years of tremendously productive partnership”, said Jason Russell, President of Acorn. “The two teams share similar philosophies, interests and business goals. Yet, our areas of focus and experience are diverse and complimentary. We are excited to combine resources, eliminate or reduce redundancies, and most importantly, produce the best results possible for our investors.”
The transaction has been approved by all applicable regulatory authorities and closed at the end of June.
ReSolve Asset Management’s business focus is to be a leader in systematic global investment strategies designed to complement and enhance traditional portfolios of stock and bonds. Re-Solve advises Institutional Offshore and US Delaware Private Pools, ETFs, mutual funds, and accredited funds in Canada, the United States, and internationally, including the ReSolve Adaptive Asset Allocation Fund in Canada and in the US offered via Rational Funds.
Mike Philbrick, CIM® AIF®
President, ReSolve Asset management
Phone: (1) 416-572-5478