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Liontrust to acquire Majedie Asset Management

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

It was announced today that Majedie Asset Management will be acquired by Liontrust Asset Management.

The deal is expected to complete on 1 April 2022, at which point all members of Majedie’s investment team and the majority of other colleagues from across the business will join Liontrust.

It’s thought the merger will allow the Majedie team to leverage Liontrust’s sales and marketing expertise, and give Liontrust greater access to the larger institutional clients that Majedie is focused on.

Following our recent call with Majedie representatives, including Chairman and Chief Investment Officer James de Uphaugh, we’re pleased to hear that the Majedie investment team will continue to be led by de Uphaugh in his new role as Head of the Global Fundamental team. It’s also positive that staff are incentivised to remain within the business.

The investment philosophies and processes that underpin the Majedie range of funds, including the Majedie UK Equity fund (which features on the Wealth Shortlist), will not change. However the names of all Majedie funds will change in due course to incorporate Liontrust branding.

We don’t currently think investors need to take any action if their funds continue to meet their investment objectives. But acquisitions and other corporate changes can unsettle investment teams, creating the potential for fund manager or product changes later down the line. We'll continue to monitor the situation and keep investors informed of any further developments, or if our views change.

You can find more information on the Majedie range of funds, and the Key Investor Information, on our website.

Investors should note the Majedie UK Equity fund holds shares in Hargreaves Lansdown Plc.

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

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