On April 7, 2016, Liontrust Asset Management announced that it will acquire Argonaut Capital Partners LLP’s European income business.
After the acquisition, Liontrust Asset Management (“Liontrust”) will merge FP Argonaut European Income and FP Argonaut European Enhanced Income (the “Argonaut Funds”) into two new funds which will launch in the near future: the Liontrust European Income and Liontrust European Enhanced Income Funds. Olly Russ, manager of the Argonaut Funds, will join Liontrust as Head of European Income.
Liontrust is a specialist fund management group with £4.8 billion in assets under management (as of March 31, 2016). Simmons & Simmons LLP is representing Argonaut in connection with the transaction.
To read the press release, please click here.