Liontrust to acquire Majedie Asset Management for $159m.

Liontrust, a a specialist fund management group, agreed to acquire Majedie Asset Management, an independent investment boutique, for $159m. "Majedie is an important acquisition for Liontrust because of its strong presence and reputation in the institutional market. Liontrust has been increasing our number of institutional clients and the purchase of Majedie will hasten this expansion by enhancing our investment capability and client service credentials," John Ions, Liontrust CEO.