Trustmoore, a global corporate services company, agreed to acquire Fuchs Asset Management, a Luxembourg-based management company and AIFM. Financial terms were not disclosed. “I am glad that the founding principle of Trustmoore - aligning our success with our clients' success - resonates with Funds Avenue's main principle. This shared value demonstrates a strong commitment to client satisfaction and success. At the same time, I am excited to see our Luxembourg office grow to 90 people with the Funds Avenue team joining us on our Rue Dicks location. The cooperation with Timothe and collective efforts of the Funds Avenue and Trustmoore teams in successfully establishing this partnership has been exemplary in every way and gives me great confidence for the future of our partnership,” Steven Melkman, Trustmoore Founder.