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Liontrust’s Cross and Fosh pour millions more into Brooks Macdonald
by Dylan Lobo on Nov 20, 2012 at 13:49
'It adds scale, offshore and international capability together with the acquisition of a strong investment management and pensions team,’ Macdonald added.
Brooks has made a number of other acquisitions over the course of the year, including the Clarke Willmott Investment Management team and Park Street London Limited, an introducer business which it has worked with over several years.
Capping this busy year, In its 12-month numbers issued on 13 Septembe Brooks unveiled a pretax profit increase of 17%.
Cross was one of the first to back Brooks when it came to market at price of just £1.50 per share back in 2006.
The stock has been driver of his funds outperformance with the Citywire Selection UK Special Situations fund returning 77.9% in the three years to 19 November versus a 37.5% rise in the benchmark and the UK Growth fund returning 51.7% versus a 21% rise in the benchmark.
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