Capital G Investments Ltd yesterday announced the 100 percent acquisition of Orion Investment Management Ltd.Orion, a Bermuda-based investment management boutique, was founded in 2006 and currently consists of four investment professionals - Eric Hirschberg, CEO, Andrew Marsh, chief investment officer, Dr Eugene Durenard, chief risk officer and Dr Niklas Traub, head of quantitative research.This follows Capital G’s takeover of First Bermuda Group earlier this year and Kast Investment Management in 2010.Orion provides institutional fixed income money management services and has forged relationships with some of Bermuda’s top reinsurance and investment institutions. Its services include account and asset liability management, risk control strategies and the development of investment solutions for collateral management.Orion’s SafeHarbor Managed Duration product developed by Dr Durenard has provided an attractive total return while maintaining a high degree of liquidity, credit quality and preservation of capital, and is less sensitive to changes in interest rates relative to conventional products.Orion’s executives will bring an extensive experience in managing, advising and analysing risk having held senior positions in some of the world’s leading international investment institutions such as Goldman Sachs, Salomon Brothers, Credit Suisse, Berkshire Hathaway, Merrill Lynch, Fuji International Finance and Mizuho Bank.The Orion team will complement Capital G Investments Ltd’s product management, research and product development and to broaden Capital G’s institutional channel.Joel Schaefer, president and CEO for Capital G Investments, said: “We are extremely pleased to welcome such highly qualified experts to our investment team. Orion has been managing the Capital G Investments’ Global Voyager Short-Term Fixed Income Fund using the SafeHarbor strategy for the past two-and-a-half years with excellent results over the period.“The acquisition of Orion significantly enhances our platform for institutional clients seeking top-tier investment solutions and further expands our business activities. This acquisition is consistent with our strategic goal to build a global asset management business that can best serve clients and build long-term, trusted relationships.”“We believe this transaction has considerable benefits for both Capital G Investments and Orion’s clients and professional staff. We expect there to be significant opportunities for cross selling and distribution of investment products into Capital G’s client base.”Ian Truran, president and CEO of Capital G Bank Ltd and Capital G Trust Ltd, said: “Today’s announcement is another example of our continued evolution into a broadly diversified financial services company. In each transaction we have completed we have sought out high quality partners and institutions with like-minded values and are pleased to have the Orion team as the latest members of the family. Our clients have entrusted us with over $1 billion in discretionary assets across a broad range of investment mandates.”Mr Hirschberg said: “This transaction is complementary on a number of fronts, and we are pleased to have the opportunity to expand the institutional business under the Capital G banner.”The Orion transaction received formal approval from the Bermuda Monetary Authority April 13, 2011. A spokespman for Capital G declined to comment on the cost of the takeover.Orion will continue to operate from its offices at 32 Parliament Street and can be reached at 295-5600 ext 110 or info[AT]orion.bm.