Macquarie IM acquires ValueInvest AM
Macquarie Group’s asset management subsidiary, Macquarie Investment Management has entered into an agreement to acquire specialist European-based asset manager, ValueInvest Asset Management S.A.
The transaction was announced in Europe overnight and is expected to be completed by the middle of the year.
ValueInvest was established in 1998 and describes itself as a specialist in pursuing a unique value-orientated investment strategy focused on equities, and is based in the Grand Duchy of Luxembourg. The company offers its customers two investment strategies based around global and Japanese equities. As of December 2017, it had approximately Euro 4 billion in assets under management.
The ValueInvest acquisition will add to Macquarie’s existing set of boutique structures, complementing its current arrangements with Walter Scott & Co, Arrowstreet Capital and IFP.
ValueInvest’s team of 17 staff will continue to be managed by current CEO Jesper Alsing, who will report into Macquarie Investment Management’s global head of equities, John Leonard, based in New York.
The purchase price was not disclosed by Macquarie.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
