Brompton Funds to Acquire Mutual and Specialty Funds from Creststreet

August 31, 2012

On August 29, 2012, Brompton Funds Limited and Creststreet Asset Management Limited announced that Brompton will acquire the rights to manage four Creststreet mutual funds and specialty funds for an undisclosed sum.


On August 29, 2012, Brompton Funds Limited and Creststreet Asset Management Limited announced that Brompton will acquire the rights to manage four Creststreet mutual funds and specialty funds for an undisclosed sum.  The funds Brompton will manage are Creststreet Resource Fund, Creststreet Dividend & Income Fund, Creststreet Alternative Energy Fund, and Creststreet Energy Opportunities Fund.  The transaction, expected to close on or about November 30, 2012, is subject to shareholder and regulatory approvals, as well as other terms and conditions.  Key Creststreet personnel will join Brompton to assist with ongoing management and operations of the funds.  The terms of the transaction were not disclosed.  Brompton manages 12 closed-end and flow-through funds with approximately $1.2 billion in assets under management.

 

To read the press release, please click here.


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions