Waverton Announces the Acquisition of 2CG Senhouse Investments Ltd
Waverton Investment Management today announces that, subject to regulatory approval, it has acquired 2CG Senhouse, the London-based long only investment firm specialising in Continental European and Southeast Asian equities.
The acquisition reinforces Waverton’s commitment to investing directly in global equities and demonstrates the company’s ability to attract experienced investment talent. Clients of both firms will benefit from the team’s expertise in European and Asian stock selection, and the three existing European and Asian managed funds will come across to Waverton.
Chris Garsten (ex-Credit Suisse, 14 years) and Charles Glasse (ex-M&G, 13 years) have been investing in European equities since 1990, and have worked together as a team at 2CG Senhouse since 2000. All three funds have peer-group leading track records that are rated either four or five stars by Morningstar. Charles Glasse and Chris Garsten are both currently AA rated by Citywire.
Andrew Fleming, CEO of Waverton, commented on the acquisition:
“I am delighted to welcome the new team to Waverton and am confident that their expertise will further strengthen Waverton’s European and Asian equity offerings and that we will be a good ‘home’ for 2CG Senhouse’s existing clients. Their focus on bottom-up stock selection and proven ability to identify attractive investment opportunities are in line with our core capabilities and ambitions at Waverton. There is an excellent cultural fit and a similar approach to investment between Waverton and the individuals at 2CG Senhouse which attracted us to the team in the first place.”
Charles Scott Plummer, Director at 2CG Senhouse, commented:
“Waverton has a long and distinguished reputation primarily as a private client house, but the strength of its investment culture has, over the years, produced some remarkable fund managers. 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. Andrew Fleming, who was appointed CEO last year, has a strong record of running and creating fund management success. Waverton is a “big boutique”; it is large enough to support institutional level systems and controls, but small enough that the investing individual is able to shine. This is a transformative deal for us.”