View more on these topics

Boutique asset managers take on London with $2.3bn merger

Business-General-Handshake-Hire-Appointment-700x450.jpgGeneva-based Quaero Capital is to merge with specialist boutique Tiburon Partners creating a business which will run $2.3bn (£1.7bn) assets under management.

The deal, which needs FCA and Swiss Financial Market Supervisory Authority approval, will see Tiburon Partners running Quaero’s UK arm.

In London, Quaero have only had a sales and limited research presence.

Tiburon Partners will use Quaero’s European fund distribution in Luxembourg, Switzerland and France.

The firms will maintain a full partnership legal model after the deal and operate under the Quaero Capital brand.

Quaero Capital, which is a 13-year-old boutique active manager runs $1.4bn assets, while London-based Tiburon Partners, founded in 2003, is specialised in Asian and Japanese equities and manages $900m..

Quaero Capital chief executive Jean Keller says: “We are delighted to be joining forces with another excellent value specialist as our skills and expertise are wholly complementary. We are also excited to have a substantial presence in London – one of the key centres for investment talent in the world.”

Tiburon Partners senior partner Rupert Kimber says: “Quaero Capital’s managers think and work like us. They have a similar investment approach based on value orientated, concentrated portfolios. So, naturally, we are keen to partner with a firm which shares our philosophy, and can take our offering more widely around Europe.“

Recommended

6

Shadow pensions minister Alex Cunningham resigns

Labour MP Alex Cunningham has stepped down as shadow pensions minster his office has confirmed. The MP for Stockton North has been shadow pensions minister since October 2016 and has been an advocate of more transparency on investment charges. Cunningham’s office did not provide specific details about why or when he decided to step down, […]

Corporate-Portfolio-Briefcase-General-Business-700x450.jpg
8

FCA survives complaint its FOS oversight is failing

The FCA has survived a complaint that it has failed in its duty to oversee the Financial Ombudsman Service. A complainant took their case to the FCA after saying that the regulator had not lived up to its statutory responsibility to make sure that FOS is capable of performing its duties, and has ignored evidence […]

Globe-Global-World-Map-700x450.jpg

Jurisdictions

Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper and help create […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment