On January 20, 2011, William Blair & Company, LLC announced that it will make a strategic acquisition of hedge fund of funds manager Guidance Capital LLC.
On January 20, 2011, William Blair & Company, LLC, a Chicago-based global investment firm, announced that it has agreed to acquire certain assets of Guidance Capital LLC. Guidance Capital manages about $300 million of assets through a series of hedge fund of funds with absolute-return, equity long/short, commodities, and managed futures strategies. William Blair Investment Management, the asset management arm of William Blair & Company, LLC, has approximately $44 billion in assets under management. The transaction is expected to be completed in the first quarter of 2011. The terms of the deal will not be disclosed.
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