Pioneer finalises acquisition of Momentum
Pioneer adds Momentum''s fund of hedge fund''s range to its range of funds.
Pioneer Global Asset Management, a subsidiary of UniCredito Italiano, has announced the completion of its acquisition of Momentum Group for $110 million. The acquisition of Momentum is part of Pioneer Investments' expansion plans to become a leader in the fast growing alternative investments arena. Pioneer Alternative Investments' focus to date has been on single manager/strategy funds and Italian-domiciled funds of hedge funds.Momentum brings expertise in the funds of hedge funds mar…
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