Waverton Investment Management has seen assets under management (AUM) increase by 30 per cent from GBP4.0 billion in August 2013 to GBP5.2billion following its acquisition from Credit Suisse by Somers Limited and management.
Formerly known as J O Hambro Investment Management, Waverton has also attracted eight new hires, strengthening the core private client, charities and fund teams. The board has appointed three independent non-executive directors.
Hugh Grootenhuis, CEO of Waverton, says: “As we celebrate our one year anniversary as an independent owner-managed company once again, it is important to stress that our original investment philosophy and focus on client service remain unchanged. In my view, our business is strengthened by the fact that directors of the firm have an equity stake, further aligning themselves with the interests of their clients.
“Clients continue to be attracted to Waverton because of the quality of our investment professionals and the focus on long-term performance, and this has been reflected in the increase of our AUM. It is particularly pleasing that the growth in assets has been entirely organic and across all our business areas.”
The Waverton European Fund has outperformed the FTSE World Europe by 67 per cent over three years to 31 August.