Liontrust completes Neptune IM acquisition
London-based asset management boutique Neptune Investment Management is no more after Liontrust announced on 1 October the completion of the purchase of the firm.
The Neptune investment team, overseen by Robin Geffen, has been renamed the Liontrust Global Equity team, bringing 19 funds (global, income, regional, emerging markets).
In a statement, Liontrust said there will be no change to the managers running the funds or the investment process used while Geffen will focus solely on managing funds and the investment team. The products have all been rebranded Liontrust and the Neptune Global Income fund is now called the Liontrust Global Dividend fund.
John Ions, chief executive of Liontrust, said: “This is great for Liontrust and for the investment team at Neptune. We have been impressed by the quality of Robin and his team and they bring an excellent range of funds with strong long-term performance.
“Liontrust provides the investment team with an environment that will enable them to concentrate on delivering returns and meeting the expectations of clients and investors. The range of funds managed by the Liontrust Global Equity team broadens our product range and will help us further our growth strategy. Liontrust has moved forward strongly over the last several years. We believe our business is well positioned to continue this growth with an excellent investment proposition and our continued focus on client service.”
Liontrust had £14.1bn in assets under management as of end June 2019.