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Salient Partners buys Forward Funds with liquid alts expansion in mind

Investment News

Combined firm will include 36 funds and $27 billion under management.

Salient Partners is buying Forward Management in an effort to build scale in the rapidly growing liquid alternatives space.

The deal, announced Wednesday and scheduled to close by July, creates a $27 billion asset management firm, including 36 mutual funds, separate accounts, and at least one hedge

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