Liontrust has acquired North Investment Partners, headed up by John Husselbee, as part of a move into the multi-asset market.
Husselbee is set to lead the new multi-asset team at Liontrust. Former LV= manager Paul Kim will also join the team as a senior fund manager.
There is expected to be no change in the way Husselbee and his existing team at North manage its current multi-asset offerings when they join Liontrust before the end of this month.
Husselbee has 23 years of experience in managing multi-manager portfolios and has held roles at both Henderson Global Investors and Rothschild Asset Management.
Kim has also managed discretionary portfolios and multi-manager funds for over 30 years and was instrumental in the set up of Investment Manager Selection in 1999.
Liontrust chief executive John Lons says: “North is attractive because of the opportunity it gives us to be successful in the multi-asset market, John Husselbee’s experience and excellent capability in managing multi-asset portfolios and the focus of the business on providing advisers with access to cost- effective bespoke portfolio management.”
Husselbee says: “The infrastructure at Liontrust will enable me to spend even more time running money rather than managing a business.”
Thomas and Thomas managing director Darren Lloyd Thomas says: “There are a number of fund houses offering multi-asset products but Liontrust has got a real following in the IFA community so this should bring some comfort for advisers thinking of using them.”