Macquarie Investment Management is set to acquire ValueInvest Asset Management. A specialized asset management business that pursues a unique value- oriented investment strategy, ValueInvest invests across the globe and in Japanese equities. ValueInvest is headquartered in Grand Duchy of Luxembourg and has around €4 billion ($4.94 billion) in assets under management as of 31 December 2017. Although the terms of the deal weren’t disclosed, the deal is expected to close in mid-2018.
According to Ben Bruck, global head of Macquarie Investment Management:
“Investors today need skilled active managers across a diverse range of asset classes. Part of our strategy is to selectively expand and strengthen our global capabilities by adding the best investment talent to the business. ValueInvest will be an excellent complement to our existing high-conviction equity strategies, and we believe Macquarie’s multiboutique equity structure and global investment platform will provide a natural fit for the ValueInvest team.”
Jesper Alsing, chief executive officer, ValueInvest said the following about the acquisition:
“We are excited to join a firm with a strong investment culture. We were attracted by Macquarie’s breadth and resources as a leading global asset management company which will enable us to better serve our clients. We will remain strongly aligned with our clients, focused on delivering strong risk-adjusted returns over the long term.”
Jesper Alsing and 17 other professionals are set to join Macquarie from ValueInvest which also includes Jens Hansen, chief investment officer and Jesper Alsing will continue to lead ValueInvest. It will join Macquarie Investment Management’s multiboutique equity structure led by John Leonard, global head of equities for Macquarie Investment Management.
Founded in 1969 and headquartered in Australia, Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Employing around 13966 employees worldwide, Macquarie Group provides diversified financial services in the Americas, Australia, Europe, the Middle East, Africa, and the Asia Pacific. Macquarie Group is present in 25 countries around the world.
ValueInvest was founded in 1998 and is a privately owned investment manager. Headquartered in Luxembourg, ValueInvest provides its services to individuals and manages separate client-focused equity portfolios. ValueInvest conducts in house research to make its investments and it invests in the public equity markets across the globe.