Liontrust Asset Management is all set to acquire Occam’s fund management business in deal worth £3.9 million representing the beginning of Liontrust’s next stage of expansion.
The transaction increases Liontrust’s assets under management by 33% to £1.3bn.
The UK fund house will take over the control of Occam’s four Dublin-based funds and two Cayman Islands-based hedge funds along with Occam’s Emerging Markets and Asia Pacific fund management team.
Liontrust will pay 3% of Occam’s assets under management, which is around £124m, including a fee of £187,500.
Liontrust chief executive John Ions said that the acquisition will help achieve company’s desire of expanding its fund management capability into new asset classes.
The acquisition will represent extension of its asset-management capabilities with two new growing asset classes into emerging economies along with its existing UK and European range.
Liontrust believes that Occam’s distribution network in continental Europe, the Middle East and other international markets will supplement its focus on UK-based investors as well as enhance its marketing and operations teams.
"Asia is a growth area over the next 20 years. This acquisition greatly enhances Liontrust and provides a stronger foundation from which to grow, benefiting clients and shareholders alike," Ions added.