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Liontrust buys Husselbee's North and hires Paul Kim for multi-asset arm
by Robert St George on Oct 15, 2013 at 07:06
Husselbee also believes the tie-up with Liontrust should provide as significant boost to the assets he controls. 'The infrastructure at Liontrust will enable me to spend even more time running money rather than managing a business.
'It is very important for us to join a company that is increasing assets under management and has clear plans for how it will continue its expansion in the future.'
Recent numbers posted on Companies House showed that NIP had invested heavily through 2012 to expand its discretionary model portfolio service, an outlay that has seen its assets in that area swell from around £40 million in January to £100 million today.
Husselbee has expressed confidence that further growth is to come too. ‘Barely a week goes by without someone else making an enquiry,’ he told Wealth Manager.
It is represents the next leg in the firm's bid to diversify its business.
In February the firm re-entered the fixed income market with the launch of a global strategic bond fund for Michael Mabbutt, having sold its credit business to Avoca Capital in 2011.
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