Alternative asset management company Abacus Life has announced the completion of its acquisition of FCF Advisors, a New York-based asset manager.
FCF Advisors, known for its expertise in free cash flow-focused investment strategies, brings approximately $850m in assets under management to Abacus Life’s portfolio.
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In August, Abacus Life had entered into a definitive agreement to acquire FCF Advisors.
Over the last ten years, FCF has been providing free cash flow analytics and research, developing the free cash flow quality model for quantitative investment process.
FCF Advisors offers a range of core and thematic free cash flow equity strategies and more than 50 customisable free cash flow index strategies across eight global equities allocation categories.
Abacus Life CEO Jay Jackson said: “The addition of FCF Advisors significantly expands our offerings within ABL Wealth, bringing us even closer to our stated goal of delivering comprehensive, lifespan-based financial advisory services and products.
“FCF aligns perfectly with our strategy of providing clients with holistic and tailored financial solutions throughout their lives.”
Abacus Life’s business model involves purchasing life insurance policies from consumers seeking liquidity, thereby providing institutional investors with a high-return asset class that is not correlated to market fluctuations.
With the recent acquisitions, including that of FCF Advisors, Abacus Life now manages nearly $3bn in assets.
Abacus is extending its expertise in longevity and lifespan into new growth sectors with ABL Wealth and ABL Tech.
ABL Wealth capitalises on decades of data and proprietary algorithms to offer wealth management platforms based on longevity, while ABL Tech provides advanced real-time data tracking and analysis services for various institutions.
In August 2023, Abacus Life appointed Seth Miller as chief revenue officer to drive ties with life insurance carriers and wealth management firms.
