Manning & Napier expects to close acquisition soon
Manning & Napier Inc.’s acquisition of 2100 Xenon Group LLC has been completed, the Perinton-based money management firm announced Friday.
The deal adds three alternative investment products to the Manning portfolio: a global managed futures strategy, a long-short global fixed income futures product and a futures alpha product, officials said.
The acquisition price has not been disclosed.
Founded in 2001, Chicago-based 2100 Xenon manages assets of $200 million. It employs 11.
Manning employs 500, most of whom are in Perinton.
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