Pendal Group, parent company of JO Hambro Capital Management, has acquired US-based value investment manager Thompson, Siegel & Walmsley for $320m.
The acquisition will more than double Pendal's US assets as the firm takes on TSW's $23.6bn of assets under management across its equities and fixed income offerings. As a result, Pendal's US business will grow from $21.1bn to $44.7bn AUM. JO Hambro's Altinger: Keeping on the other side of the alpha spectrum TSW, which operates mainly in long-only equities, brings an investment team of 20 and full staff of 74 employees to Pendal, with all employees set to join the group. All of the firm's investment strategies will remain under the TSW brand. Going full throttle: Asset managemen...
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