Update: Liontrust completes acquisition of Alliance Trust Investments

Alliance Trust moves to multi-manager approach

Liontrust has completed its acquisition of Alliance Trust Investments, bringing in £2.5bn in assets under management.

The investment team, led by head of sustainable investment Peter Michaelis, and 11 sustainable funds have been brought across as part of the acquisition. Liontrust said there was no change to the process of any of the funds, which include equity and fixed income, although they have been renamed as Liontrust funds.  They will continue to be managed according to their existing investment process, in which the team looks for well-run companies that have good fundamentals and are undervalued. The news comes after Liontrust announced last year it had acquired Argonaut's European Income ...