UPDATE: Liontrust buys EM fund business Occam

Liontrust is set to acquire the fund management business of Occam, including its emerging markets and Asia teams in a £3.9m deal.

The group will take on the management contracts of the Occam Emerging Markets Opportunities, Occam Asia Focus, Occam Asia Absolute Return, Occam Sorbus, Occam Europe Focus and Occam Diversity funds. Liontrust's James Inglis-Jones and Gary West will take over as fund managers of the Occam Sorbus and Europe Focus funds on completion of the deal. While the remaining funds will continued to be managed by their existing managers, but under the Liontrust brand. Before joining Occam, manager Eoghan Flanagan was co-founder of the highly successful Thames River Nevsky team and James Mellersh w...