Renaissance Asset Managers Buys $252M Griffin Fund

Law360, New York (December 22, 2011, 1:38 PM EST) -- Renaissance Asset Managers is picking up Griffin Eastern European Fund for an undisclosed sum from independent investment boutique Griffin Capital Management, the Russia-focused specialist asset manager announced Thursday, noting the deal marks its entry into the German-speaking market.

Acquiring the $252 million Irish undertaking for collective investment in transferable securities, or UCITS, fund will give RAM access to the German and Austrian markets and help increase the London-based buyer's assets under management from $2.4 billion to $2.7 billion, RAM said.

The Griffin Eastern European Fund will...
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