GAM, a Zurich-based asset manager, has entered into an agreement to acquire investment management boutique Taube Hodson Stonex (THS).
The acquisition is scheduled to be completed in the third quarter of 2016, pending regulatory approval.
THS’ investment team, including lead managers Cato Stonex, Mark Evans, Robert Smithson and Ali Miremadi, will relocate to GAM’s offices in London, while their strategies will be marketed under the GAM brand.
All THS strategies will then be marketed under the GAM brand, including the International Growth and Value, European Growth and Value and Continental Growth and Value funds.
The firm began life as a sub-division of J. Rothschild Investment Management, and was founded by Nils Taube, John Hodson and Mr Stonex, and became an independent entity in 1997. Ever since, THS has actively invested in global and European equities for a variety of institutions. The firm has also served as sub-advisor to one of GAM’s premier global equity strategies since 1983.
THS manages assets of around £1.78 billion (€2.26 billion) as of March 31 2016.
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