London fund of hedge funds manager P-Solve Alternative Investments has merged with Grenfell Fund Managers, the $70m (â¬49m) fund of hedge funds unit of Swiss investment consultants Octane Holding, in a deal that will bring assets managed in the combined group to $400m.
The transaction is only the ninth merger between fund of hedge fund managers this year, according to corporate finance adviser Jefferies Putnam Lovell.
