East Capital Holding to acquire Adrigo Asset Management.

East Capital Holding, an independent asset management group, agreed to acquire Adrigo Asset Management, a manager of two hedge funds. Financial terms were not disclosed. “Adrigo Asset Management is a welcome addition to the East Capital Group and brings absolute return-focused investing to the range of solutions that we offer clients. We see great opportunities arising from the expertise and the funds that are coming over when the management team and brand join us. I also believe that East Capital Group’s experience in institutional management and the additional resources in the investment team can make a major contribution to Adrigo’s development, especially in the areas of sustainability and corporate governance," Peter Elam Håkansson, East Capital Holding Chairman.