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2021

Stonehage Group’s TriAlpha and ACP Partners merge to create USD2.5bn asset manager

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Multi-family office Stonehage Group has announced the merger of TriAlpha, its asset management arm, with ACP Partners to create a combined business owned 50:50 by the two groups that will

Multi-family office Stonehage Group has announced the merger of TriAlpha, its asset management arm, with ACP Partners to create a combined business owned 50:50 by the two groups that will be known initially as ACP TriAlpha and has some USD2.5bn in assets under management.

Founded in 1997, TriAlpha is an asset management house with an absolute return bias that manages a range of multi-manager hedge funds, multi-asset class funds and direct securities products for clients including institutions and high net worth families.

London-based ACP was founded in 2001 by Joseph Sassoon, former founder and head of Goldman Sachs’ European private wealth management business, and Alok Oberoi, who was head of Goldman’s Asian private wealth management business and subsequently chief operating officer of global private wealth management in New York. Brett Lankester, the former head of private wealth management for Goldman in the UK, joined ACP in 2007.

Oberoi and Lankester, who are current managing partners of ACP, will be joint chief executives of the merged business, while Sassoon has returned to the academic world and will be a visiting scholar at Georgetown University in Washington DC, while continuing to act as a consultant for ACP TriAlpha.

‘By combining the resources and talent of TriAlpha and ACP, we believe we have created a highly efficient business ideally suited to meet the levels of client service and investment performance required both for today’s challenging asset management environment and for the future,’ Oberoi says.

‘Both businesses have a long track record of managing assets as well as a culture of service and commitment to clients. Market conditions will create historic opportunities in the asset management industry, and ACP TriAlpha is ideally placed to take advantage of them.’

Stonehage chief executive Giuseppe Ciucci adds: ‘We have worked with and respected the ACP team for many years. The merger creates a very strong investment team that is well placed to serve our private clients and their increasing need for transparent and more effective investment solutions.’

The Stonehage Group, which provides international families with wealth management and fiduciary services, is owned by its management and staff and has nine offices around the world.

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