2100 Xenon Management Team To Acquire Equity Interest Held by Parent, Old Mutual Asset Management

CHICAGO, Oct. 15, 2012 /PRNewswire/ -- 2100 Xenon Group, an affiliate of Old Mutual Asset Management, is pleased to announce it will acquire the majority ownership interest in its business from its parent company Old Mutual Asset Management.

The transaction, the value of which was not disclosed, is expected to close by the end of 2012, at which time, 2100 Xenon will be 100% employee owned. The management team, led by Jay Feuerstein, will continue to operate the business in the same manner as it is currently conducted and no changes are planned in connection with its investment strategy, executive team, or operating procedures.

"With our assets under management having doubled over the past two years, we felt the timing was perfect to acquire Old Mutual's interest, and further position the firm for leadership in the managed futures space," said Mr. Feuerstein.  "We have appreciated the dedication of the Old Mutual team in helping us to build a truly institutional platform that has helped foster our growth."

"This is a very exciting time for our company," said Bruce Mumford, Partner and Director of Marketing and Client Services at 2100 Xenon. "By increasing our employee ownership to 100%, we are confident in our ability to enhance our capabilities to build and deliver the quality product and services that our investors have come to expect."

About 2100 Xenon Group, LLC

2100 Xenon Group is a global investment manager specializing in managed futures and global macro strategies.  2100 Xenon's clients include global financial institutions, public funds, fund of funds and high net worth individuals and family offices from around the world.  An affiliate of Old Mutual Asset Management, 2100 Xenon was founded in 2001, and is registered with the CFTC and SEC.  As of September 30, 2012, 2100 Xenon manages approximately $248 million, and has total assets under advisement of approximately $5.7 billion. For more information please visit www.2100Xenon.com.

SOURCE Old Mutual Asset Management