Saltus Fund Management acquires Montague Capital
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Saltus Fund Management has acquired Midlands-based discretionary fund manager Montague Capital.
Saltus will provide investment management services to Montague as part of a transitional agreement, during which time Montague clients will be invited to move across to Saltus.
According to Saltus, the move will allow it to significantly broaden its current product offering, with Montague clients set to benefit from additional investment research.
Saltus partner Simon Armstrong says: “The integration of the new business should be seamless and we look forward to earning the respect and trust of Montague’s clients and introducers.
“The shared vision and culture was a key factor in the attraction of this deal.”
Montague chief executive Julian McGinnity adds: “It was important to me to find a partner who shares the same core values regarding client service and investment philosophy.
“As such I am confident that the transition to Saltus will be a positive experience for our clients and introducers. All of those I have spoken to have expressed their support for the move.”
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