Global investment firm Cambridge Associates (CA) announced on Tuesday that it has agreed to buy Zurich-based alternative investment specialist SIGLO Capital Advisors for an undisclosed amount.
Subject to authorisation by the Swiss Financial Market Supervisory Authority (FINMA), the transaction is expected to be completed in the autumn of 2024. The acquisition adds a highly complementary alternatives business to CA’s existing private investment platform.
Founded in 2010, SIGLO provides tailor-made solutions in alternative investments including insurance-linked securities (ILS), private credit, hedge funds, and impact investing primarily to pensions and other institutional and professional clients in Switzerland.
This will be CA’s first location in Switzerland. The investment firm with its existing European offices in London and Munich has served European pension, endowment, foundation, and private clients for nearly 40 years.
The firm’s CEO David Druley stated that onboarding the entire SIGLO team and establishing CA’s presence in Switzerland will further strengthen their commitment to Swiss and DACH clients emphasising that Europe has long been a key market for the firm.
SIGLO clients will benefit from an expanded investment offering across a broad range of asset classes supported by Cambridge Associates’ network of managers.
“We continue to see strong demand in Europe for access to our portfolio management services and global investment network, especially regarding alternatives and private market allocations,” said Alex Koriath, Head of Cambridge Associates’ European Pension Practice and Munich office.
Koriath added that they are excited about CA’s investment and analytics capabilities, particularly in Insurance-Linked Securities (ILS), through the integration of SIGLO’s platform.
