News Snapshot:
Six bidders tussled for ownership of Clearwater’s business, but PAC Capital won thanks to its esports and gaming insights honed over the last four years in operation. “There is great synergy between PAC Capital and Clearwater as we both strongly believe in diversified portfolios and pushing the boundaries of investment traditions in that sense,” Mr Lucas said. He will stay on as an investment adviser and Clearwater’s employees will join the PAC Capital team. As it stands, PAC Capital runs two multi-asset funds, one focused on global growth and another a balanced fund. This is where the bulk of Clearwater’s...
