Liontrust Asset Management is expanding into the multi-asset market by integrating North Investment Partners into its business.
UK-listed, it has hired its chief executive officer, John Husslebee, and the former head of multi manager and fund selection at LV= Asset Management, Paul Kim.
Husselbee will head the new Liontrust multi-asset team and Kim becomes senior fund manager.
Liontrust says the new team will help meet the growing demand among advisers for multi-asset portfolios and managed solutions.
Husselbee says, like all smaller businesses, the increasing cost and burden of the regulatory environment makes it harder to offer a first-class service. Liontrust, he adds, “fits well with the ethos of North”.
“The service we will be able to provide our clients going forward has been central to our decision to join Liontrust,” Husselbee says. “The infrastructure at Liontrust will enable me to spend even more time running money rather than managing a business.”
©2013 funds europe
