Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter