Neptune Investment Management is set to sell off a chunk of its business to Liontrust, PA's sister brand Investment Week understands, while founder Robin Geffen will retain a number of funds he will continue to run.
Speculation has mounted in recent months over potential suitors for the troubled business that has seen a number of senior fund management and distribution departures over the past few years. Investment Week sources said Merian Global Investors and Sanlam UK had taken a look at the business with the view to buying up funds, but have since walked away without a deal. However, Liontrust, which has been on the acquisition trail since Jon Ions became CEO in 2010, has confirmed it is in talks with Neptune over an acquisition. In a statement on Monday morning (29 July), the group said: ...
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