Industry reacts with mixed feelings over Liontrust-Majedie acquisition

Consolidation continues to accelerate across industry

clock • 2 min read

Industry commentators have expressed their surprise following the announcement that Majedie Asset Management is to be acquired by Liontrust for a total consideration of $120m, though many point out the potential boost to the manager’s institutional business was the likely driver.

Over the last couple of years, Liontrust has been successful at amalgamating purchases into its fabric, with Neptune and Architas being examples of particular note. The Majedie deal is set to add a further £5.8bn to its collection of assets and allow for greater access to institutional markets, according to analysts at Peel Hunt.   "Majedie Asset Management is not transformational on a group basis, but it would enable Liontrust Asset Management to bulk up in institutional asset management," said Peel Hunt's Robert Sage and Stuart Duncan in a recent report. "As a result, it would ac...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Hargreaves Lansdown removes Jim Leaviss' fund from Wealth Shortlist following departure

Hargreaves Lansdown removes Jim Leaviss' fund from Wealth Shortlist following departure

M&G Global Macro Bond

Eve Maddock-Jones
clock 12 July 2024 • 2 min read
Nutshell AM slashes fees on growth fund

Nutshell AM slashes fees on growth fund

Cuts of up to 75 basis points

clock 10 July 2024 • 2 min read
Terry Smith: Nvidia is too unpredictable for Fundsmith to invest in

Terry Smith: Nvidia is too unpredictable for Fundsmith to invest in

Semi-annual letter to investors

Eve Maddock-Jones
clock 10 July 2024 • 2 min read
Trustpilot