Alternative investment firm Ramius Alternative Solutions agreed to be acquired by global asset management firm AllianceBernstein. The acquisition of the $3-billion asset manager will allow AllianceBernstein to add "new investment capabilities" to its offerings, the firm stated. This includes access to Ramius's proprietary liquid alternative family Ramius Liquid Portfolios. Terms of the deal, which is expected to close by the end of September, have not been disclosed.
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