Momentum Global Investment Management to acquire Seneca Investment Managers.

Momentum Global Investment Management, the UK-based subsidiary of Momentum Metropolitan Holdings, agreed to acquire Seneca Investment Managers, a boutique, multi-asset value investment specialist. Financial terms were not disclosed. "This is a very exciting acquisition. The two teams complement each other well and have a strong cultural fit. The acquisition will enable MGIM to meet the growing demand for multi-asset investment solutions from advisers, discretionary fund managers and their clients. The combined business, with offices in London and Liverpool, creates a strong foundation on which to accelerate our growth as an investment solutions provider to the UK adviser market and service our growing national client base," Ferdi van Heerden, MGIM CEO.