William Blair & Company to Acquire Guidance Capital

William Blair & Company announced an agreement to acquire certain assets of Guidance Capital LLC, a specialist in developing and managing multi-manager hedge fund of funds strategies.

The global investment firm expects to complete the transaction in the first quarter of 2011. Guidance Capital has offices in Chicago and Delaware; the Chicago office will move into William Blair’s Chicago headquarters. The Guidance Capital office in Delaware will remain open.

According to the announcement, Guidance Capital was founded in 2001 and manages a series of hedge fund of funds that fall under the broad categories of absolute-return, equity long/short, commodities, and managed futures strategies.   

“Guidance Capital gives us added perspective on the investment landscape. They will continue to operate as they successfully have to date, but will actively collaborate to leverage our broad intellectual talent for the benefit of all our clients,” said Michelle R. Seitz, head of William Blair Investment Management and a member of the firm’s executive committee, in the announcement.