Investment boutique, Richmond Park, has acquired Paris-based fund of hedge funds specialist, Olympia Group, Financial News reports. Olympia, founded by Marc Landeau, manages about $2 billion.
Landeau will remain involved in Olympia as non-executive, while Laurent Duperyron will continue in his role as chief executive. The financial details of the takeover have not been disclosed. Richmond Park was founded by former Dresdner Kleinwort and Goldman Sachs bankers.
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