OFI Lux and Gottex Solutions Services Announce JV

November 24, 2010

On November 17, 2010, Gottex Solutions Services and OFI Lux announced they are to launch a joint venture based in Luxembourg to provide managed account services.

It was announced on November 17, 2010 that Gottex Services Solutions and OFI Lux, a wholly-owned subsidiary of France’s OFI Asset Management, are to form a Luxembourg-based joint venture.  The new business, which will be known as LUMA Solutions Services, will provide onshore managed account services for UCITS and other European onshore funds.  The platform has an initial asset base of $350 million, consisting of eight management accounts already managed by OFI.  The deal remains subject to the approval of the Luxembourg regulatory authorities.

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Investment Manager Strategic Investments, Transactions