Liontrust has completed its acquisition of Alliance Trust Investments, bringing in £2.5bn in assets under management. The investment team, led by head of sustainable investment Peter Michaelis, and 11 sustainable funds have been brought across as part of the acquisition. Liontrust said there was no change to the process...
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.