Momentum Global IM rebrands five funds post-Seneca acquisition

Investment objectives remain unchanged

James Baxter-Derrington
Ferdi van Heerden, chief executive of MGIM

Ferdi van Heerden, chief executive of MGIM

Momentum Global Investment Management (MGIM) has rebranded five funds following its acquisition of Seneca Investment Managers.

The change is effective on two Seneca funds from today (6 April), with three MGIM funds set to adopt a rebrand from 28 May. VT Seneca Diversified Growth and VT Seneca Diversified Income are now known as VT Momentum Diversified Growth and VT Momentum Diversified Income. MGIM acquires Seneca Investment Managers to create £4.7bn AUM business MI Momentum Focus 3, 4 and 5 will respectively become VT Momentum Diversified Cautious, Balanced and Moderate from the end of May. Each of the five funds will continue to benefit from the consolidated MGIM and Seneca investment teams feeding in...

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