European Wealth Acquires Three Funds from Hume Capital

January 13, 2014

On January 10, 2014, Citywire reported that European Wealth had acquired three funds from Hume Capital.  The acquired funds are the Hume International Bond Fund and the Hume Global Opportunities and Hume European Opportunities equity funds.


On January 10, 2014, Citywire reported that European Wealth had acquired the Hume International Bond Fund and the Hume Global Opportunities and Hume European Opportunities equity funds from Hume Capital.  Following the transaction, European Wealth will rename the bond fund as the European Wealth Sterling Bond fund and will also change its fee structure.  European Wealth confirmed that the equity funds will continue to be managed by Hume Capital for a short period of time following the closing.  The terms of the transaction were not disclosed.

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Categories

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