Hume Capital buys Syndicate CI

Investment firm Hume Capital has bought Guernsey-based Syndicate Asset Management CI for £1.8 million.


Investment firm Hume Capital has bought Guernsey-based Syndicate Asset Management CI for £1.8 million.

Investment firm Hume Capital has bought Syndicate Asset Management CI, the Guernsey-based subsidiary of Syndicate Asset Management, for £1.8 million.

Peter Dew, chairman of Syndicate Asset Management, comments that the Guernsey operation was sold following a strategic review which concluded that it was non-core to the company’s activities.

London-based Syndicate Asset Management is the holding company for a group of investment management businesses across the UK, including Zenith Funds and  Savoy Investment Management. The company currently has £5.8 billion of funds under management. In the year to March 2010, Syndicate CI made a pre-tax loss of £546,000 on a turnover of £2.69 million.

Founded in 2007, Southampton-based Hume provides investment products including hedge funds with a focus on Asian investments. Nitin Parekh, Hume Capital’s CEO, says: ‘Hume Capital is an independently owned UK investment firm specialising in active fund management. We are very excited about the opportunity to acquire a business with such a high quality client base.’

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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