Chilean boutique takes 25% stake in Aubrey Capital Management
The deal is set to be finalised in the upcoming days, as it is still subject to final reviews by lawyers in the UK and Chile, although it has already been approved by UK regulators.
The deal, which is subject to final reviews by lawyers in the UK and Chile but has already been approved by UK regulators, is set to be finalised in the upcoming days.
Panmure Gordon merges with Liberum to create 'UK's largest investment bank'
The firm will remain a majority employee-owned business, with its main shareholders and founders remaining at the company. The firm will retain its current Edinburgh head office, with the addition of an office in London.
Aubrey the transaction «signifies the firm's enduring commitment to deliver actively managed portfolios for its clients», with LarrainVial «set to benefit from Aubrey's vast experience in managing emerging markets strategies».
Andrew Ward, chief executive officer of Aubrey, said: «This is an extremely positive step for both firms that will result in a sharing and deepening of investment expertise and better access to distribution capability in the UK, US, Latin America and Europe.»
UK annual wage growth slows to 6.5% as vacancies continue falling
Ladislao Larrain, chief executive officer of LarrainVial, added: «It is very important for us to participate in the ownership of Aubrey, as it allows us to approach new markets and strengthen our international presence with a leading fund manager with almost 20 years of experience and an expert team in emerging markets.»
Global investors temper bond yield expectations amid record rate cuts optimism
Close Brothers AM poaches another senior investment manager from Investec W&I
Read more on investmentweek.co.uk
