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.