Noted hedge fund trader, Greg Coffey, is reportedly in the midst of negotiations to acquire Emso Asset Management, an effort that aims to establish a comprehensive money management entity with a combined asset worth of $13 billion. These ongoing discussions represent a strategic move by Coffey to diversify his hedge fund operations. More details on this matter can be found here.
The advanced discussions encompass the acquisition of Kirkoswald Asset Management by emerging markets-focused Emso, which manages assets worth $5 billion. If the deal goes through, Emso founder Mark Franklin and his team will join Kirkoswald. Neither party was willing to provide public comments about the arrangement at this time.
Currently, Kirkoswald as an entity oversees assets amounting to $8 billion. The successful culmination of this proposed transaction will significantly enhance the firm’s hedge fund strategy and provide a robust Emering Markets (EM) macro platform.>
According to undisclosed sources, the transition will involve a continuation of the existing roles for the involved professionals. Greg Coffey, who is the principal actor involved, will maintain his focus on his distinctive hedge fund strategy, which has been critical to his career in the industry.