Rayliant Global Advisors has announced that it has acquired London-based Henderson Rowe, as it looks to expand into the European wealth management marketplace.
The acquisition represents the company’s first venture into the wealth management space.
Rayliant a quantitative investment management group with $24.1bn of assets under supervision focuses on quantitative research-driven investment strategies, having previously focused exclusively on institutional clients.
Henderson Rowe is a investment firm catering to high-net-worth, long-term private investors and mid-sized institutional clients.
It will operate as an independent subsidiary of Rayliant, while retaining its own name and brand.
Jason Hsu, chairman and chief investment officer of Rayliant Global Advisors, said that the deal came about through “a long history” of the company collaborating with Henderson Rowe.
“We both believe in the importance of investor education,” he said. “We also share the view that investors will benefit from a more academically-driven and cost-effective investment approach. This approach has served institutional clients well and we are excited to bring it to the wealth management market in the UK alongside Henderson Rowe.
Henderson Rowe was founded in 2002 by Charles Aram, James Henderson and Giles Rowe. According to company statistics, as of December 31 2017, it manages $650m on behalf of UK and European clients.