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April 23, 2020

Stonehage Fleming to take over Cavendish investment management activities

Multi-family office Stonehage Fleming has agreed to take over the investment management operations of Cavendish Asset Management.

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How attractive are current investment opportunities in Europe?

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Financial terms of the deal were not disclosed.

The acquisition includes the transfer of all Cavendish client portfolios worth £1bn to Stonehage Fleming Investment Management (SFIM).

SFIM will assume the management of Cavendish’s four OEIC funds, which will adopt the Stonehage Fleming brand.

These funds include the Cavendish International Fund, Opportunities Fund, AIM Fund, as well as the Balanced Income Fund.

Stonehage Fleming will also absorb four Cavendish senior fund management team members, who will run these strategies.

Moreover, an Investment Committee will be set up to manage the assets of Cavendish client families.

Cavendish CIO Julian Lewis will become co-chair of that committee, sharing the responsibility with Stonehage Fleming CEO and head of Investments Graham Wainer.

The deal is expected to wrap up on 1 August 2020.

Stonehage Fleming Group CEO Chris Merry said: “Notwithstanding the extraordinary environment, this is an important and exciting time for Stonehage Fleming; we have the scale, the range of services and practical wisdom developed over many years to be the partner of choice for wealthy families with complex needs.

“We have worked hard to build a relationship with Cavendish and its clients over many months, and are very much looking forward to their joining us at Stonehage Fleming.”

Headquartered in London, Cavendish was originally set up to oversee the assets of the Lewis family.

The firm later expanded its oversight to serve institutional and professional clients including UHNWIs and families.

 

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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