Industry reacts with mixed feelings over Liontrust-Majedie acquisition

Consolidation continues to accelerate across industry

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...