Rothschild seeks to buy U.S. fund of funds businesss

Reuters reports that Rothschild is looking to double the size of its fund of hedge funds business via a U.S. acquisition to give it the scale it needs to flourish in an industry now dominated by a handful of big players.

Rothschild made its first push into the business last year when it bought fund of funds company HDF Finance for an undisclosed amount.  It now has 5 to 6 billion euros ($6.54-7.85 billion) under management in its hedge fund business, including a small presence in New York-based funds of funds.

By acquiring one of their smaller rivals, Rothschild would both lift that firm well above the investment threshold of institutions and allow it to broaden its offering to clients.  It would also boost Rothschild's own fund of funds assets under management to around $10 billion….

Wait...wait...there's more at http://www.reuters.com/article/2013/04/15/us-rothschild-hedge-idUSBRE93E0X320130415