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

JPMAM's Karen Ward: Political uncertainty in markets has been replaced with 'policy uncertainty'

JPMAM's Karen Ward: Political uncertainty in markets has been replaced with 'policy uncertainty'

Same number of unknowns in 2025

Eve Maddock-Jones
clock 22 November 2024 • 4 min read
Stories of the Week: Fund groups record weaker net sales; ISA reform 'under review'; Ballie Gifford withdraws from climate initiatives

stories-fund-record-weaker-net-retail-sales-isa-reform-review-ballie-gifford-withdraws-climate-initiatives

Funds, ISAs and climate initiatives: The biggest stories from the world of investment and asset management this week

clock 22 November 2024 • 1 min read
Partner Insight: The attractions of the small-mid private equity segment

Partner Insight: The attractions of the small-mid private equity segment

New empirical research from Schroders Capital reveals that small and mid-sized private equity funds have outperformed large funds with greater resilience through economic cycles

Viswanathan Parameswar, Eufemiano Fuentes Perez and Verity Howells at Schroders
clock 19 November 2024 • 4 min read
Trustpilot