Fund manager Liontrust has completed the acquisition of former rival Neptune Investment Management, meaning the firm has expanded capabilities in global equities and emerging markets.
Neptune’s investment team, headed by Robin Geffen, is renamed as the Liontrust Global Equity team.
There is no change to fund managers or the investment process.
Neptune founder Geffen said: “The move to Liontrust allows me to devote all my time to managing the Global Equity investment team and the funds I run. The fact that I can focus all my energy on my real passion of managing funds is really exciting for me.”
According to Liontrust the acquisition strengthens areas not covered by its current investment team, as well as enhances its proposition in areas where there is strong demand such as global equities, equity income, and emerging markets equities.
Liontrust chief executive John Ions (pictured) said the acquisition – reported to cost £40 million – will broaden the firm’s product range and further its growth strategy.
Meanwhile, US-based asset manager GQG Partners has appointed Neptune’s former head of UK sales, Daniel Lee, as director of UK and Ireland business development.
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