MGIM acquires Seneca Investment Managers to create £4.7bn AUM business

Momentum Global Investment Management (MGIM) is to acquire Seneca Investment Managers, creating a combined business with assets under management of £4.7bn and with offices in both London and Liverpool.

Following the transaction, the completion of which is subject to UK regulatory approval, the VT Seneca funds and the Seneca Global Income and Growth Trust managed by Seneca Investment Managers will combine...