Asset management firm Alliance Trust Investments has agreed to purchase sustainable-fund manager Liontrust, increasing its assets under management by £2.3bn ($2.9bn) to over £8bn. The current ATI team, which oversees 11 sustainable investment funds, will become part of Alliance Trust Investments as part of the agreement. The funds will be managed as they are currently, with a focus on well-run but undervalued companies with solid fundamentals.
Asset management firm Liontrust has agreed to purchase sustainable-fund manager Alliance Trust Investments, increasing its assets under management by £2.3bn ($2.9bn) to over £8bn. The current ATI team, which oversees 11 sustainable investment funds, will become part of Liontrust as part of the agreement. The funds will be managed as they are currently, with a focus on well-run but undervalued companies with solid fundamentals.