Liechtenstein-based LGT Group, internationally active in private banking and asset management, has completed its takeover, announced on 13 March 2012, of the insurance-linked investments business from Swiss group Clariden Leu.

This acquisition transfers all the insurance-linked investment funds of Clariden Leu, with invested assets totalling approximately $2 billion, to LGT Capital Management. The parties have agreed not to disclose the purchase price.

The entire insurance-linked strategies team will move into LGT CM’s offices in Pfäffikon in Switzerland today.

LGT CM also assumes the functions of investment manager and distributor today for the four insurance-linked fund structures previously operated by Clariden Leu, which will change name appropriately.

LGT CM specialises in multi-manager strategies, behavioural finance, sustainability, absolute return, commodities, and insurance-linked investments. It manages a considerable share of the princely family of Liechtenstein’s wealth; the parent group has been owned for over eighty years by that family.