Tatton Asset Management is to line up new acquisition targets with funds under management (FUM) of at least £150m after it missed out on its "ambitious" bid for Architas' UK multi-manager and advisory businesses, which were eventually sold to Liontrust this summer in a deal worth up to £75m.
The firm has recently taken out a banking facility worth up to £30m to help enable its inorganic growth goals, which began in October 2019 with the £2.7m acquisition of Tenet Group subsidiary Sinfonia...
Cuts fees across multi-manager range
Third highest monthly figure since 1993
Took office yesterday
Simon Evan-Cook to leave business later this month
UK-domiciled equity funds add £24.2bn
From the horse's mouth