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PartnerSelect Alt Strats Instl MASFX

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iM Global Partner to Acquire Litman Gregory

Senior Analyst

Analyst Note

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Litman Gregory, advisor for the PartnerSelect funds, has agreed to sell a 100% stake of its privately held firm to iM Global Partner, a Paris-based asset manager with direct ownership in several investment boutiques. iM Global had USD 20 billion in assets under management at the end of 2020 and will fold in Litman Gregory’s approximately USD 4 billion in wealth management assets and USD 2.2 billion in mutual fund assets. As a part of the deal, Litman Gregory will collaborate with iM Global’s research resources and utilize the firm’s distribution infrastructure, while iM Global Partner-U.S. funds and exchange-traded funds will move to the PartnerSelect Fund Advisors Trust. The deal is expected to close in the second quarter of 2021 and is subject to shareholder approval.

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