Absolute return manager GEMS Groups has received legal and regulatory approval for its acquisition of Kenmar-Olympia.
Following the merger the combined business will be known as the GEMS Kenmar-Olympia Group and will be active in managing over USD2bn through a wide range of asset management products and services both in financial and real estate markets.
The group offers in particular multi-strategy alternative and long only funds of funds on macro and thematic strategies; as well as a range of systematic global and sectorial single funds.
The GEMS Kenmar-Olympia Group has a strong international presence with offices in London, Paris, New York, Tel-Aviv, Geneva, Nassau, Buenos Aires and Singapore.
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