AGF Management Expands Alternatives Business with New Holland Stake

Canadian asset management firm AGF Management has made a strategic investment in New York-based investment manager New Holland Capital as part of its plan to expand its alternatives business. AGF will initially invest in a note that could be converted into a less than 25% economic interest in New Holland. This investment follows AGF's previous agreements to acquire other alternative investment firms. Market outlook: AGF's expansion in alternatives will drive growth and provide more opportunities for both firms.