Hong Kong-based quantitative investment manager Rayliant Global Advisors has acquired Henderson Rowe, a UK-based wealth management business. Financial terms of the transaction were not disclosed.
The acquired entity will retain its identity and operational independence under Rayliant.
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By GlobalDataThe deal is expected to be mutually beneficial, offering Henderson Rowe clients access to Rayliant’s quantitative research-driven investment strategies.
On the other hand, it marks Rayliant’s entry into the wealth management space. The firm formerly focussed on institutional clients.
Commenting on the deal, Rayliant chairman and CIO Jason Hsu said: “We both believe in the importance of investor education. We also share the view that investors will benefit from a more academically-driven and cost-effective investment approach.
“This approach has served institutional clients well and we are excited to bring it to the wealth management market in the UK alongside Henderson Rowe.”
Henderson Rowe CEO Charles Aram said: “Rayliant is a recognised leader in its field, with a history of developing research and institutional quality products to meet long term investor goals. Their expertise, coupled with extensive knowledge of asset allocation and quantitative investing, will be hugely valuable to our clients and the wider European investment market.”