Mandatum's new AM unit takes over domestic peer's fund management business

This deal consists of two real estate funds.

Lauri Vaittinen, Mandatum Asset Management | Photo: PR / Mandatum Life

Mandatum Asset Management, a unit recently established by life insurance firm Mandatum, has signed an agreement to buy property manager Trevian's fund operations.

Trevian Funds AIFM was established in 2017 and manages two funds with over EUR 300m in assets under management. The transaction means that the personnel employed by Trevian will move over to Mandatum Asset Management, according to a statement.

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