One River Asset Management has agreed to acquire the quantitative investment unit of LGT Capital Partners, a move that will increase the firm’s assets under management by roughly one-third to about $3bn, according to a Bloomberg report.

The transaction brings an eight-person quantitative investment solutions team, additional systematic strategies, and close to $1bn in assets. The transfer is expected to conclude mid-year. Financial terms were not disclosed.

After completion, the acquired business will operate as One River Switzerland AG from Zurich, establishing the US-based hedge fund’s first European presence.

Founder and chief executive Eric Peters said: “Scale helps create a more robust business. The acquisition gives us additional top talent, more strategies and close to a billion dollars in new assets.”

Systematic investing, which relies on rules-based models and data-driven trading, has gained traction amid advances in technology and investor demand for consistency. Quant multistrategy hedge funds delivered nearly 13% annualised returns over five years to end-2025, broadly tracking the MSCI World index, according to BNP Paribas.

The acquisition reflects continued consolidation across alternative asset managers seeking scale to offset rising technology, data, and infrastructure costs.

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