FWM to acquire Optima Fund Management

FWM to acquire Optima Fund Management
Merger of New York-based firms will create company managing $7 billion.
APR 25, 2019
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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