Hume Capital Acquires EPIC Investment Partners Limited
Hume Capital LLP, the independently owned UK investment firm, has acquired EPIC Investment Partners Limited (EPIC), the institutional fixed income asset management business of Syndicate Asset Management Plc.
The acquisition includes three Dublin-domiciled unit trusts and is subject to regulatory approval, Hume said in a statement.
Upon completion, Hume Capital LLP will manage approximately $1.2bn of institutional, retail and hedge fund assets and will have a team of some 15 investment professionals. The firm also plans to launch an Open Ended Investment Company (OEIC) Global Equity product and other innovative products.
Nitin Parekh, Hume Capital LLP chief executive, said the “integration of a highly experienced institutional fixed income asset management team with a high quality client base is an important development for our business and we plan to significantly enhance its range of funds.”