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Lugano group acquires alternative AM firm

Lugano group acquires alternative AM firm

Lugano-based financial firm Copernicus Group has completed the purchase of hedge fund specialist Thalìa, further expanding its expertise in the field of asset, wealth and risk management.

Copernicus Group bought Thalìa for an undisclosed sum, in a deal that grows its alternative investments product range and strengthens its risk and wealth management services.

The acquisition comes as part of the group’s plans to consolidate its presence within Ticino’s financial centre, with the goal of becoming a leading player in the domestic market.  

Commenting on the purchase, CEO of Copernicus, Marco Boldrin said: ‘I am extremely satisfied with the acquisition that will allow the group to achieve its objectives ahead of plan.’

As part of the agreement, the current CEO of Thalìa - Maggie Rokkum-Testi, will take on the role of CIO at Copernicus Asset Management, with the entire Thalìa team joining Copernicus.  

The closing of the deal is subject to the approval of the Swiss financial regulator, Finma.

Thalìa was established in 2004 and specialises in hedge funds and alternative investments, offering tailor-made solutions to institutional and UHNWI customers.

Copernicus Group was founded at the beginning of 2017 and has two units, Copernicus Asset Management and Copernicus Wealth Management and Services.

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