AllianceBernstein completes purchase of CPH Capital
AllianceBernstein has completed the acquisition of CPH Capital, a global core equity investment manager based in Copenhagen, Denmark.
CPH Capital manages approximately USD3 billion in global equity strategies for institutional and retail clients.
Beginning next month, AllianceBernstein will market the CPH Global Core Equity strategy as a Luxembourg-based UCITS fund and in separate accounts.
The six-member CPH investment team, which is led by David Dalgas and also includes senior team members Klaus Ingemann and Kenneth Graversen, will remain in place and continue to manage their strategies as they have previously.
"CPH Capital's investment strategies are an excellent complement to our already strong, diverse and global equity platform," says Sharon Fay, head and chief investment officer equities at AllianceBernstein. "They bring an investment approach that combines active stock selection with rigorous risk management. The resulting portfolios exhibit high active share and remarkably consistent alpha. I'm confident that having the CPH Capital investment team on board will bolster our ability to serve our clients."
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