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 £2.3bn ($2.9bn) to over £8bn. The deal is the latest in a series of deals between UK and international financial services firms that have boosted their presence on the continent. The funds will be managed as they are currently, with a focus on well-run but undervalued companies with solid fundamentals.