Fisher Investments, a Woodside, Calif., independent investment manager, has announced the purchase of Lighthouse Capital Management LP in Houston.
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Lighthouse managed more than $460 million of assets at June 27.
The deal's price was not disclosed. Lighthouse clients are to be served by Fisher Investments' private-client group.
The deal, which closed Monday, was Fisher's second in eight months. On Dec. 31, it closed its purchase of Econostrat in Bloomfield Hills, Mich.
Fisher, which was founded in 1979, had $45 billion of assets under management at June 30.
