Everest Financial Group, which advised last week that it was winding down its hedge fund of fund business and planned to return capital to shareholders, has announced that it has accepted an unconditional offer from One Investment Group to assume responsibility for the majority of Everest's funds under management.
One Investment Group is a Sydney based independent Australian fund management business covering asset classes including real estate, aviation, shipping, private equity, infrastructure and hedge funds which was founded by Frank Tearle and Justin Epstein.
