Pareto is described by Insight as “one of the world’s foremost currency risk managers” and has more than £27bn in AUM.
The transaction of the company into the Insight group is expected to complete on 1 January 2013, subject to regulatory approval. The terms of the deal are not being disclosed.
Pareto runs both active and passive currency risk management and has operations in the UK, US, Japan and Australia.
Abdallah Nauphal, CEO and CIO of Insight, said: “Insight and Pareto are a natural fit as the businesses have a similar risk management philosophy and client-centric approach. Pareto’s expertise in currency is complementary to our current risk management and investment capabilities and the transaction supports our objective of providing holistic risk management solutions to our clients. In addition, their presence in North America and the Asia Pacific region provides a solid platform for continuing Insight’s international expansion.”
Upon completion of the transaction, Pareto Investment Management plans to remain a separate regulated entity within the Insight group. Pareto’s investment team will become one of Insight’s specialist investment teams.