FWM to acquire Optima Fund Management

Merger of New York-based firms will create company managing $7 billion

Apr 25, 2019 @ 1:56 pm

By InvestmentNews

FWM Holdings, the New York-based parent company of multifamily offices Forbes Family Trust and LGL Partners, will acquire Optima Fund Management, a New York-based private investment firm specializing in alternative investments.

(More:Bronfman Rothschild acquisition creates $10 billion RIA)

As part of the transaction, Optima founder D. Dixon Boardman will join FFT as vice chairman and will continue to serve as chief executive officer of Optima, which will become a wholly-owned entity of FWM Holdings, the company said in a release.

Terms of the acquisition were not disclosed.

FWM currently manages $5 billion in assets. Optima manages $2 billion.


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