Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Brooks Macdonald eyes 'interesting' acquisition opportunities

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.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Play Colin McLean's mid-cap picks

Colin McLean's mid-cap picks

The SVM director and fund manager on his pick of the UK mid-caps.

Your Business: Cover Star Club

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

When Tim Wishart agreed to launch an Edinburgh office for Psigma he was not expecting to  head the company’s first overseas team

Wealth Manager on Twitter