Liontrust Asset Management has completed the acquisition of Majedie Asset Management, adding GBP5.2 billion to Liontrust’s assets under management and advice (AuMA), and taking pro-forma Liontrust AuMA to GBP38.6 billion.

Majedie’s highly rated and experienced institutional fund management team joins Liontrust, has been renamed the Liontrust Global Fundamental team and continues to be headed by James de Uphaugh.  

There will be no change to the team’s existing high conviction, tried and tested investment process that will continue to be applied to the management of the Global Fundamental team’s funds and investment trust mandates.