ROTTERDAM, The Netherlands (HedgeWorld.com)–Robeco Alternative Investments agreed to purchase 49% of futures manager Transtrend BV, a manager of EUR310 million (US$274 million).
Robeco, a unit of Robeco Group NV, which in turn is owned by Rabobank Group, Amsterdam, intends to purchase 100% of the firm in five years. The deal is pending due diligence by Robeco and regulatory approval.
Transtrend will represent Robeco's first true managed futures offering, said Bob Galesloot, senior investment manager for Robeco, which manages EUR1.3 billion (US$1.2 billion) in hedge funds. Robeco is in high-growth mode for alternatives, whether it be through organic growth, additional purchases, or alliances, according to a company statement.
