In a statement released today HGI announced it has acquired H3 Global Advisors, an alternative investment management firm based in Australia and the UK, which has approximately $342 million in funds under management (FUM) and specialises in active and enhanced commodities strategies.
“We are thrilled to have the H3 team join Henderson,” said HGI Australia managing director Rob Adams. “The investment strategies managed by the team are contemporary and world class, and are complementary to our business globally.”
Ascalon Capital Managers – which held a 45 per cent stake in H3 – put out a separate statement explaining the reasoning behind the sale.
“The sale of our 45 per cent stake in H3 Global represents a positive outcome for all parties and highlights our business model of acquiring, actively building, and strategically exiting investments when the time is right,” said Ascalon chief executive Chuak Chan.
