Azimut to acquire a 35% stake in Kennedy Capital Management.

Azimut, an asset management company, agreed to acquire a 35% stake in Kennedy Capital Management, a company that specializes in the management of small and mid-cap strategies across the growth-value spectrum. Financial terms were not disclosed. “Our institutional and retail clients lie at the heart of every decision we make. This perspective is engrained in KCM’s DNA, and we believe the extensive global resources of Azimut will enhance our ability to deliver performance and serve clients. We enthusiastically look forward to leveraging the combined strengths of our organizations and collaborating with such a high quality, globally recognized institution. Azimut’s strong reputation and reach across continents provides a ballast to our U.S. equity-centric business,” Don Cobin, Kennedy Capital Management President and CEO.