Liontrust Asset Management, an LSE-listed company with USD1.3billion in AUM, is taking on O
Liontrust Asset Management, an LSE-listed company with USD1.3billion in AUM, is taking on Occam Investment Management, Occam Asset Management and Occam Investment Services in a move that will see them acquire OAM’s four Dublin-domiciled UCITS funds and two Caymans-based hedge funds focusing on Asia and global emerging markets, reported Hedge Funds Review this week. In total, the Occam funds will add an additional USD200million to Liontrust’s AUM although as the firm’s CEO John Ions (pictured) pointed out, the reason for the acquisition was “not so much about AUM than gaining exposure to the asset classes”. The four UCITS included in the deal are: Occam Emerging Markets Opportunities, Occam Asia Absolute Return, Occam Asia Focus and Occam Europe Focus; the latter two are long-only. Should the acquisition go through successfully, it is believed Occam will receive a consideration of 3 per cent of its total AUM and a payment of GBP187,000. Occam was attracted to Liontrust’s operational infrastructure, providing wider access to the UK retail investor market and should give the firm “the stability to move forward”, Occam CEO Jonathan Hughes-Morgan was quoted as saying. Not wanting to be part of a behemoth, they were particularly impressed with Liontrust’s “boutique style”.
