Asset management firm Liontrust has agreed to purchase sustainable-fund manager Alliance Trust Investments, increasing its assets under management by £2.9bn ($2.3bn) 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.
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.