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View the article online at http://citywire.co.uk/wealth-manager/article/a729989

Brooks Macdonald eyes 'interesting' acquisition opportunities

by Dylan Lobo on Jan 24, 2014 at 07:41

Brooks Macdonald eyes 'interesting' acquisition opportunities

Brooks Macdonald's discretionary funds under management rose by 11.1% to £570 million in the first half of its financial year and it continues to eye acquisition opportunities.

This growth surpasses the 5% rise in the Apcims Balanced index over the same period.   

Elsewhere advisory funds managed by Brooks Macdonald International totalled £374 million at the end of December versus £354 million at the end of September.

The period saw the firm enter a partnership with property firm North Row Capital and acquire the option to purchase Levitas Investment Management.

Brooks chief Chris Macdonald (pictured) said: 'The first half of our financial year has seen good progress made across the Group, with strong organic growth in funds under management aided in part by positive investment conditions.'

'We continue to review interesting acquisition opportunities as evidenced by the Levitas and North Row Capital transactions, both of which further enhance our investment offering.'

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