Liontrust Asset Management has completed the acquisition of the entire issued share capital of Walker Crips Asset Managers, a deal that will boost its assets under management to more than £2.1 billion (€2.5 billion).
Stephen Bailey, Jan Luthman and Jamie Clark have moved into Liontrust’s offices and will continue to manage the CF Walker Crips UK Growth Fund, CF Walker Crips Equity Income Fund, CF Walker Crips UK High Alpha Fund, CF UK Fund and two institutional segregated accounts.
The funds will be marketed under the Liontrust branding. “The acquisition will cause little, if any, disruption for investors,” the asset manager said in a statement. In a statement, Liontrust said the two UK equity income and UK growth funds “will operate side by side, preserving the different investment processes and styles which characterise each of them”.
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