BNP PAM and Fauchier merge interests to create major fund of hedge funds business

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FRANCE - BNP Paribas Asset Management (BNP PAM) and Fauchier Partners have merged their joint venture - BNP Paribas Fauchier Partners (BNP FP)- with Fauchier Partners to create a major fund of hedge funds business.

BNP PAM will acquire a 50% stake in the enlarged Fauchier Partners in consideration for contributing its shareholding in BNP FP and making additional cash payments. Majority voting rights will how...

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