(Bloomberg) -- GAM Holding agreed to buy Cantab Capital Partners for $217 million in cash and deferred payments after spending 18 months weighing the purchase of a computer model-driven fund.

The acquisition enables Zurich-based GAM to introduce a computer-driven trading system focused on long-only and alternative strategies, the Zurich-based asset manager said in a statement on Wednesday. The shares rose the most in almost four months.

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