Liontrust to snap up Hawksmoor's fund management and MPS business for initial £6m

The proposed acquisition, for the business of Hawksmoor Fund Management (HFM) and Hawksmoor Investment Services, would see Liontrust pay two contingent payments of up to £2m each in cash, subject to ongoing revenues, 12 and 24 months after completion. The acquisition would add approximately £1.9bn of assets under management and advice through multi-asset funds, fund mandates and MPS. It is expected to complete by 31 December. HFM head of fund management Ben Conway will continue to manage the acquired funds and fund mandates as part of Liontrust's multi-asset team. John Ions, chief ...