Hedge Funds
Investcorp Bank BSC, a Bahrain-based company managing about $10.6 billion in alternative assets, acquired the hedge fund of funds business of U.S.-based SSARIS Advisors LLC to help boost its product range. The business will add about $800 million in discretionary and advisory assets, and clients across the U.S., Europe and Asia, to Investcorp’s hedge funds platform, it said Monday in an e-mailed statement. Four key members of the SSARIS’ hedge fund...