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.

Liontrust acquires Walker Crips Asset Managers for £12m

Liontrust acquires Walker Crips Asset Managers for £12m

Liontrust Asset Management will acquire Walker Crips, paying around £12 million for the firm and taking over two of its best-known managers Jan Luthman and Stephen Bailey.

It is understood that the Walker Crips brand will remain in use for the company's private client arm, however Luthman (pictured) and Bailey - both Citywire Selection picks - will be absorbed into the Liontrust framework.

Announcing the deal to shareholders, Liontrust said it had entered into a conditional share purchase agreement with Walker Crips Group to purchase the entire issued share capital of Walker Crips Asset Managers (WCAM) for a total consideration of £12.348 million.

'The proposed acquisition includes the highly rated fund management team at WCAM headed by Stephen Bailey and Jan Luthman,' the firm said.

'The team has an excellent pedigree and the funds they manage have strong and consistent records. Stephen Bailey and Jan Luthman will, on completion of the proposed acquisition, join Liontrust and will continue to manage the CF Walker Crips UK Growth Fund, CF Walker Crips Equity Income FundCF Walker Crips UK High Alpha Fund, CF UK Fund and two Institutional segregated accounts,' the firm added.

More to follow

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Jan Luthman
Jan Luthman
52/81 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 17.82%
Stephen Bailey
Stephen Bailey
51/81 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 17.82%
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter