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FWM Holdings, Parent of Forbes Family Trust, Completes Acquisition of Optima Fund Management

NEW YORK & PHILADELPHIA--(BUSINESS WIRE)--FWM Holdings, the parent company of Forbes Family Trust (“FFT”) and LGL Partners, multi-family offices focused on ultra-high-net worth families, today announced the completion of its acquisition of Optima Fund Management (“Optima”).

The acquisition, which was previously announced on April 25, expands FFT’s relationships with top managers and increases its access to the most promising funds, while offering its comprehensive suite of products and services to Optima’s clients. Under the structure, Optima remains an independent, wholly-owned entity of FWM Holdings and is run by Optima Chief Executive Officer and FFT Vice Chairman, D. Dixon Boardman.

Financial and legal terms of the transaction will not be disclosed.

About Forbes Family Trust
Forbes Family Trust (“FFT”) is a global multi-family office specializing in alternative investments, asset allocation, portfolio construction and financial planning. FFT is based in New York, NY, with offices in Philadelphia, PA and Palm Beach, FL. Founded to serve the investment and wealth planning needs of members of the Forbes family, the firm opened its doors in 2009 to welcome the world’s most prominent families and family offices to join as clients. FFT is a registered investment adviser and a fiduciary. The firm and its affiliates manage over $5 billion in assets under management (“AUM”) as of January 31, 2019. AUM in this instance differs from Regulatory Assets Under Management reported on FFT’s Form ADV. For more information, please visit www.forbesfamilytrust.com.

About Optima Fund Management
Optima Fund Management (“Optima”) is a private investment firm specializing in alternative investments for institutional and high net-worth clients. Optima offers a range of products and capabilities, including multi-manager hedge fund programs, custom advisory services and single-manager hedge funds. Founded in 1988, the firm is headquartered in New York. Optima is an independent, wholly-owned entity of FWM Holdings. For more information, please visit www.optima.com.

FWM Holdings and Forbes Family Trust are not affiliated with Forbes Media LLC.

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Nadia Damouni / Melanie Graf