Manning & Napier Closes Acquisition Of Business And Operations Of 2100 Xenon

(RTTNews) - Manning & Napier Inc (MN) said Friday it has completed the acquisition of the business and operations of 2100 Xenon Group,LLC, an alternative investment manager specializing in managed futures and global macro strategies for institutional and individual clients. Financial terms of the transaction were not disclosed.

The completion of the deal has enhanced Manning & Napier's investment management offerings to include alternative capabilities and product diversification.

As previously announced, as a result of the deal, Manning & Napier has acquired three alternative investment product track records—a global managed futures strategy, a long/short global fixed income futures product, and a futures alpha product—known as Xenon strategies.