Martin Gilbert's AssetCo eyes £25m stake in thematic ETF issuer Rize - reports

Third deal since Gilbert took charge

clock • 1 min read

Martin Gilbert’s AssetCo is reportedly planning to raise £25m from shareholders to fund the acquisition of a majority stake in thematic ETF provider Rize.

The cash call is expected to be announced imminently, according to Sky News reports.   It would mark the third deal AssetCo has announced since Gilbert and his colleagues took charge, following the acquisition of Saracen Fund Managers and the minority stake taken in Parmenion earlier this month. In February, the group also doubled its stake in River & Mercantile. Billing itself as "Europe's first specialist thematic ETF issuer", Rize was set up in February 2020 by former Legal & General Investment Management staff former Rahul Bhushan, Stuart Forbes, Anthony Martin and Jason Kennard....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Far from the Madding Crowd: An investment moment in time

Far from the Madding Crowd: An investment moment in time

'Our hunt for undervalued shares takes us away from the crowd'

Ben Preston
clock 23 February 2024 • 3 min read
Abrdn debuts exclusive MPS with BoE base rate aligned return aim

Abrdn debuts exclusive MPS with BoE base rate aligned return aim

‘We have spent a lot of time talking to advisers about solutions’

Hope Coumbe
clock 21 February 2024 • 1 min read
Socially responsible investing index-based MPS range hits market

Socially responsible investing index-based MPS range hits market

Ebi Portfolios teams up with European asset management giant Amundi

Hope Coumbe
clock 20 February 2024 • 1 min read