Robeco has signed a letter of intent to take over Transtrend B.V., a managed futures trader in Rotterdam with assets under management of more than EUR 310 million.
With this acquisition Robeco will expand its supply of alternative investment products in general and of single-manager hedge funds in particular. Robeco is taking a minority interest of 49% now, with the intention of acquiring a 100% interest in five yearsâ€™ time. A due diligence investigation is currently being carried out.
Robecoâ€™s CEO GÃ©ry Daeninck comments: â€˜Transtrend fits well with our policy of expanding our supply of alternative investment products. Transtrend is a highly successful managed futures trader, with an excellent track record extending over many years and a first-class reputation.â€™