Liontrust Chief Executive John Ions said the acquisition of WCAM significantly strengthens its fund management capability, which will enable the firm to create one of the strongest ranges of UK equity funds and teams.
"The addition of Stephen Bailey and Jan Luthman is testament to the fact we invest in fund managers with robust and repeatable investment processes that add value to client portfolios over the long term and that the success of Liontrust over the past couple of years enables us to attract the best talent," Ions said.
Under the terms of the acquisition, Stephen Bailey and Jan Luthman will join Liontrust and will continue to manage the CF Walker Crips UK Growth Fund, CF Walker Crips Equity Income Fund, CF Walker Crips UK High Alpha Fund, CF UK Fund and two institutional segregated accounts.
After the integration of the firms, the four funds will operate under the Liontrust brand, which have retail funds (£441m) and segregated accounts (£163m), a total of £604m in assets under management, as on 29 February 2012.
The acquisition of WCAM will provide an edge to Liontrust’s fund management capability, and its assets under management will increase more than £2bn, claims the firm.
