Martin Gilbert's AssetCo eyes £25m stake in thematic ETF issuer Rize - reports

Third deal since Gilbert took charge

Mike Sheen
clock • 1 min read

Martin Gilbert’s AssetCo is reportedly planning to raise £25m from shareholders to fund the acquisition of a majority stake in thematic ETF provider Rize.

The cash call is expected to be announced imminently, according to Sky News reports.   It would mark the third deal AssetCo has announced since Gilbert and his colleagues took charge, following the acquisition of Saracen Fund Managers and the minority stake taken in Parmenion earlier this month. In February, the group also doubled its stake in River & Mercantile. Billing itself as "Europe's first specialist thematic ETF issuer", Rize was set up in February 2020 by former Legal & General Investment Management staff former Rahul Bhushan, Stuart Forbes, Anthony Martin and Jason Kennard. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the Week: Government to raise taxes; ISA regime left untouched; Rathi calls for new approach

Stories of the Week: Government to raise taxes; ISA regime left untouched; Rathi calls for new approach

Autumn Budget; ISA regime; UK private markets: The biggest stories from the world of investment and asset management this week

clock 01 November 2024 • 1 min read
Autumn Budget 24: Non-dom status abolished from April 2025

Autumn Budget 24: Non-dom status abolished from April 2025

Non-dom regime 'outdated', Reeves said

clock 30 October 2024 • 3 min read
Partner Insight: Is it time to reallocate to real estate?

Partner Insight: Is it time to reallocate to real estate?

Global real estate returns turned positive in the second quarter following two years of cumulative losses, suggesting a budding recovery in the asset class.

Donald Hall, Global Head of Research, Real Estate, Nuveen
clock 30 October 2024 • 2 min read
Trustpilot