BNP Paribas acquires hedge fund of fund from ZCM

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FRANCE - BNP Paribas Asset Management has acquired the $650m (e534m) Javelin fund of hedge funds from ZCM Investor Capital, a US-based subsidiary of Zurich Financial Services, for an undisclosed amount.

This business will be managed by BNP Paribas Fauchier Partners, BNP PAM’s subsidiary specialised in funds of hedge funds. On completion, ZCM’ fund management team, currently based in New York, w...

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