Liontrust to buy rival Neptune

Specialist investment company Liontrust Asset Management is to acquire Neptune Investment Management, subject to regulatory approval. This will increase Liontrust’s assets under management by £2.8 billion to £17 billion. The announcement followed a release by the London Stock Exchange on 29 July 2019.

All of the Neptune’s investment team, headed by and including Robin Geffen, will join Liontrust’s London office. On completion of the deal, Geffen will step down as chief executive officer of Neptune and concentrate solely on leading his investment team and managing funds.

The Neptune Investment Team will be renamed the Liontrust Global Equity Team once the acquisition is completed in October.