Brompton Asset Management Acquires WAY Group Funds

December 23, 2013

On December 20, 2013, Brompton Asset Management acquired the WAY Group’s global funds, increasing its assets under management by £148 million.

On December 20, 2013, fundweb.co.uk reported that Brompton Asset Management has acquired the WAY Group’s global funds, including the £52 million WAY Global Red Portfolio, the £37 million WAY Global Blue Portfolio, and the £59 million WAY Global Cautious Portfolio.  The funds, which will now be managed by Brompton’s multi-asset class team, will retain the same structures and objectives.  The transaction will enable WAY to focus on its core trust management business.  The transaction will add £148 million to Brompton’s assets under management.

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Categories

Investment Manager M&A, Transactions