Macquarie Acquires Boutique Firm ValueInvest

Firm specializes in global and Japanese equities.

Global money manager Macquarie Investment Management is buying Luxembourg-based value-equities boutique ValueInvest Asset Management S.A., Macquarie announced in a press release.

Terms of the deal, which was announced March 12, were not disclosed. The acquisition of ValueInvest is expected to close in mid-2018.

ValueInvest specializes in a strategy that encompasses global and Japanese equities. The firm had approximately €4 billion ($4.9 billion) under management as of Dec. 31, 2017.

The top executives of ValueInvest will remain in place. The firm, which was founded in 1998, will continue to be led by Jesper Alsing, the firm’s chief executive officer, and Jens Hansen, its chief investment officer.

“Part of our strategy is to selectively expand and strengthen our global capabilities by adding the best investment talent to the business,” said Ben Bruck, global head of Macquarie Investment Management, in a statement.

The acquisition of boutique ValueInvest is part of a plan to expand Macquarie’s global equities capabilities and distribution across Europe, the press release said.

It is also part of a trend by large money management firms to offer more specialized boutique strategies in response generally to active equity outflows from institutional investors.

Company officials were not immediately available for comment.

Macquarie Investment Management, a division of the larger of the larger Macquarie Asset Management, has total assets under management of €210.7 billion ($259.6 billion).

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