Tocqueville Asset Management will acquire Delafield Asset Management, a provider of mutual funds, separately managed accounts and limited partnerships. Terms of the deal were not disclosed.

“We are delighted to add Delafield Asset Management to our team,” said Robert Kleinschmidt, president and CEO of Tocqueville. “I have known and respected Dennis Delafield and Vince Sellecchia for over 30 years, and we look forward to combining forces to continue to provide investors with access to some of the best investment thinking and mutual funds in the industry.”

Tocqueville is known for its contrarian value style investing.

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