Published On: Tue, Dec 8th, 2015

Asset management firms confirm transaction

Ashburton boshoff.groblerJOHANNESBURG, (CAJ News) – ASHBURTON Investments, the asset management business, has announced the acquisition of Cape Town fixed income asset manager, Atlantic Asset Management.

The acquisition that includes the Atlantic Specialised Finance division is effective January 1.

Ashburton Investments’ Chief Executive Officer, Boshoff Grobler, said Atlantic had some of South Africa’s best expertise in the traditional fixed income and money market space, as well as being pioneers in social impact investing.

“We believe their entrepreneurial spirit and their investment philosophy is a perfect match for ours and that our combined experience consolidates Ashburton’s ability to offer clients a stand apart fixed income offering,” said Grobler.

Atlantic’s funds will be incorporated into the Ashburton Investments’ stable but the mandates and teams will remain exactly the same.

Arno Lawrenz, Atlantic Asset Management’s Chief Investment Officer, will be appointed Head of Fixed Income Portfolio Management at Ashburton Investments.

Heather Jackson, CEO of Atlantic Specialised Finance, would be working with the strong alternatives capability within Ashburton.

Her focus on solutions across the non-profit, private and government sectors is a differentiated approach to the complex financing challenges that South Africa faces, and one which few asset managers are able to offer.

Atlantic Asset Management co-founder and Managing Director, Murray Anderson, said that there was a strong cultural fit along with clear synergies and that he expected the Atlantic team to flourish at Ashburton Investments.

“The Atlantic team will continue to provide clients with our unwavering commitment to investment excellence. The additional investment and distribution reach within Ashburton will enhance our ability to apply our approach,” Anderson.

The transaction fee was not disclosed.

– CAJ News

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