Bermudian-based AK Jensen Group, the provider of turnkey trading and infrastructure solutions for fund managers, has closed the acquisition of FMG Malta Ltd, a full-scope alternative investment fund manager for both traditional and crypto hedge funds.

The acquisition allows AKJ to acquire a supplemental regulatory structure, distribution network and established client base, the company said.

Additionally, the transaction will allow FMG members to utilise AKJ's turnkey hedge fund offering for the benefit of their clients.

Anders Kvamme Jensen, CEO of AKJ, said: "As we continue to meet the ever-evolving needs of our clients, FMG will bring a unique skill set with its decades-long track record of innovation and success."

Johan G Kahm, founding partner of FMG, added: "We are happy to now begin our collaboration with AKJ.

“FMG brings a wealth of experience in the areas of fund structuring and sales, and we have moved aggressively into the digital assets space in recent years.

“We are eager to add bring our capabilities to AKJ and help the business on its trajectory to become a global leader in crypto."