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Waverton IM buys Europe and Asia equity manager

Waverton IM buys Europe and Asia equity manager

Waverton Investment Management has acquired long-only investment firm 2CG Senhouse, subject to regulatory approval.

London-based 2CG Senhouse specialises in continental European and Southeast Asian equities. Its three existing European and Asian managed funds will move across to Waverton. All three of the funds are either four or five star rated by Morningstar.

According to Waverton, the acquisition reinforces its commitment to investing directly in global equities, with chief executive Andrew Fleming calling it “an excellent cultural fit and a similar approach to investment”.

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Charles Scott Plummer, director at 2CG Senhouse, added: “The natural fit in investment style and focus on long-term performance make Waverton the obvious home for us to be able to continue, and enhance, our investment process for our clients.”

In November last year, Waverton entered into a deal with its first national firm of independent financial advisers, Fairstone.

ruth.gillbe@ft.com