Capital and Trust - April 1, 2022 - 0 minute read

Liontrust Asset Management Plc today reveals it has completed the acquisition of Majedie Asset Management, after announcing the deal back in December 2021.

Majedie Asset Management was established in 2002 and is an independent, employee-owned investment firm. Majedie’s highly rated and experienced institutional fund management team will join Liontrust.

The business has been renamed the Liontrust Global Fundamental team and continues to be headed by James de Uphaugh, Majedie’s Chief Investment Officer, and founder.

The purchase means it will add £5.2bn to its assets under management and advice, taking pro-forma Liontrust AUM to £38.6bn.

CEO of Liontrust, John Ions, said: “Majedie is a key acquisition in continuing to broaden Liontrust’s investment capability and distribution and enhancing further our client service.  The investment managers are highly regarded with a long pedigree in managing UK and Global Equities for institutional clients. The success of the team, who have all moved to Liontrust, is demonstrated by the quality of their institutional mandates and the management of Edinburgh Investment Trust since March 2020.

“I have great confidence that bringing together the Global Fundamental team and their long-standing relationships with Liontrust’s strong brand, sales and marketing will enable us to expand the distribution of their funds and grow our institutional business.”

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