NFG Partners has taken over the boutique investment manager, Harver Capital.
The takeover took place on 1 October, NFG Partners has also onboarded the Harver Capital Global Macro SPC fund, now NFG Partners SPC – NFG Multi Asset Fund.
The transaction was a transfer of assets and assets under management from Harver Capital to NFG Partners. As part of the agreement, both employees of Harver Capital, Glenn Coxon and Josh Oldham, have joined NFG Partners. Coxon, who is the lead manager of the multi-asset fund, joined NFG Partners as an investment director and Oldham as an investment manager.
For Harver Capital, the asset transfer allows continuity of its seven-year investment strategy, now under the new brand, NFG Partners. Harver Capital also benefits from the support of the balance sheet of NFG Partner’s parent company, NFG Sarl – an investment holding company with assets of more than CHF 2.7bn.
NFG Partners stated that it expected more consolidation in the industry in the coming years and that it would opportunistically look to expand its growing business if a suitable match came around.
Coxon has been a managing director and founder at Harver Capital since October 2015.
According to LinkedIn, he had previously spent 18 years as a managing director of Canaccord Genuity Wealth at Canaccord Genuity Wealth Management. Before that, he was an associate director at Collins Stewart Wealth Management for two years, where he was also a member of the firm’s Asset Allocation, Fund Selection and Alternatives Committees before moving to Switzerland in 2008.
Earlier in his career, he worked as an investment manager at Insinger de Beaufort (International) and Matheson Investment International. Oldham worked at Harver Capital for five years. Initially as an investment analyst, after having completed his master’s in 2016 and then as an investment manager.