Liontrust is to buy Architas' UK multi-manager and advisory businesses from parent company Axa in a deal worth up to £75m.
The acquisition will create a multi-asset multi-manager business with £6.6bn in assets under management and advice. The newly combined team will be led by Liontrust's John Husselbee with Architas' Sheldon Macdonald named deputy head of multi-asset. Architas' UK distribution team will move to Liontrust. Liontrust will run £25bn in assets after the integration, it said in a statement this morning (1 July). The deal includes the Architas Multi-Asset (MA) Active, Blended and Passive Multi-Manager fund ranges along with the Specialist and Income funds, and this will bring £5.6bn in AuMA...
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