Alpha Strategic, the AIM listed hedge fund investment group, has acquired Acme Advisors, a wholly owned subsidiary of IKOS Asset Management, a European quantitative hedge fund manager.

Acme will provide sales and distribution advisory for the IKOS G10 Currency Fund Class. Under the deal Acme will receive 7.2% of the aggregate management and performance fees relating to the fund.

Alpha Strategic specialises in bringing hedge fund fee revenue to the public market to achieve maximum value for hedge fund managers and shareholders.

IKOS, established in 1993, is a quantitative hedge fund specialised in the electronic trading of global equity and financial markets across a number of funds. Several of its funds are listed on the Irish Stock Exchange. The company also runs managed accounts. IKOS has $1.4 billion assets under management.