Darius, founded in 2004, provides customized hedge fund solutions to address institutional investors’ growing needs for transparency, liquidity and risk management.

The acquisition will help NGAM to further expand its alternatives’ range in Europe.

NGAM CEO Pierre Servant said Darius is the first pure investment advisory and consulting firm they have added to the NGAM multi-boutique model. With Darius’s specialized expertise, sophisticated tools and open architecture approach, NGAM further expands the ability to provide alternatives investment advice to institutions, regardless of the ultimate solution required.

Darius president and managing partner Reza Ghodsi said the strategic partnership with NGAM will allow Darius to broaden its reach, helping the firm expand into key European, Middle Eastern and Asian marketplaces while maintaining its independence in advisory decisions and consulting philosophy.