Stanhope Capital and FWM Holdings, which owns the Forbes Family Trust, LGL Partners and Optima Fund Management, have merged to create a wealth management and advisory firm overseeing $24.2bn in client assets.
In a statement, wealth manager Stanhope Capital said the combined company will have 135 employees in six offices worldwide, with a "greatly enhanced" global investment team with capabilities across asset classes, including listed equities and alternatives such as real estate, private equity and hedge funds. The merger, which is subject to customary closing conditions, is expected to complete in the first quarter of 2021. Hedge funds: A new golden age? A statement confirmed that Stanhope Capital and FWM will operate as a single company once the transaction has closed, "particularly ...
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