Alternative investment firm 361 Capital will acquire long-only
manager BRC Investment Management and has already filed to launch a
small-cap equity mutual fund to be managed by BRC, which currently
manages approximately $800 million. The small-cap fund will join
361's lineup of five alternative-strategy mutual funds, with
$1.3 billion in assets. It is hoped the deal, expected to close by
Oct. 31, will leverage 361's distribution capabilities and
BRC's access to institutional investors.
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