Natixis Investment Managers has acquired a 24.9% stake in WCM Investment Management, a $29bn US asset manager, while also agreeing to become their exclusive third-party distributor.
The move is expected to complete in the second half of the year and remains subject to regulatory and customary closing conditions. The exclusive partnership will see Natixis IM distribute WCM's investment strategies globally while the firm will retain its autonomy over the management of the business, the investment process and philosophy and its culture. There will be no changes to the firm's management team with Paul Black and Kurt Winrich remaining as co-CEOs. The firm runs a number of actively managed equity strategies with a global growth approach. Natixis outlines three-ye...
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