iM Global Partner, a multi-boutique platform with headquarters in New York City and Paris, has acquired a 45 percent interest in Dynamic Beta investments, a New York City based hedge fund advisory firm, iIM Global announced Thursday.

The move puts the firms in a position to expand in the liquid alternatives asset management space across the US and international markets by developing new investment solutions, said iM Global, which focuses on acquiring strategic investments in traditional and alternative investment firms in the U.S., Europe and Asia.

Dynamic Beta investments, which was previously known as Beachhead Capital Management, focuses on the liquid alternatives space, including equity hedge funds, managed futures and multi-asset and stable return solutions.