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Two London Hedge Funds Agree to Rare Combination
- The deal will boost assets by $1.5 billion, add new traders
- The combination is expected to close by the end of March
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Eisler Capital, a $4.5 billion hedge fund firm, has struck a deal to acquire Neil Phillips’s Glen Point Capital in a rare consolidation in the industry.
The deal will bolster Eisler’s assets by $1.5 billion, bring in a new trading team and add three funds to aid the firm’s transformation into a multi-strategy investment platform. Financial details of the deal, which is expected to close by the end of March, were not disclosed.