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Asset manager takes over rival's funds
Listed asset manager Skarbiec Holding struck preliminary terms with rival Trigon to take over management of five Trigon funds as the two firms continue to plot their way towards an eventual tie-up, Skarbiec said in a market filing.
Skarbiec will take over management of closed-end funds, one with a global growth profile, two sector equity funds, a stable growth funds and a bond fund, the filing indicated.
The deal does not cover Trigon's securitized funds "nor any claims nor risks tied to such funds," Skarbiec management noted, presumably in reference to debt securitization funds created in tandem with defunct debt collector GetBack.
Sides will further talks to extend the scope and set the terms of the shift in asset management.