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The UK-based structured product distributor, which offers professional clients a wide range of defined outcome investment products from major global banks, has acquired Levendi Investment Management.
The transaction will significantly expand Causeway’s asset management division and ensure both companies continue delivering value, innovation and outstanding investment solutions to clients globally.
Commenting on the acquisition of Levendi, Causeway CEO Conor O’Donnell, said:
“This acquisition marks an exciting step forward for our Defined Return Fund proposition. We are now able to provide financial advisers with two robust, UCITS regulated, defined return fund solutions. Importantly, there will be no changes to the Levendi Defined Return Fund so investors can be assured that it will continue to be managed by the same experienced team, now further supported by the depth and expertise of our wider organisation.
"Our Causeway Defined Growth Fund has established a strong track record internationally, while the Levendi Defined Return Fund enjoys a similar reputation in the UK. Over time, we aim to make both funds available across all markets in which we operate, offering clients greater choice and flexibility.
"In today’s volatile market environment, we see growing demand for investment solutions that offer more predictable outcomes and help reduce overall portfolio volatility. This acquisition not only strengthens our capabilities with a significant increase in assets under management but also brings in a talented team and a proprietary risk analysis tool that will further enhance our differentiated approach.”
Luke Gilbert, Investment Manager at WestBridge and Director at Causeway Securities, commented:
“Causeway Securities’ acquisition of Levendi Investment Management represents the business’ first acquisition following its partnership with WestBridge. Having supported Causeway Securities in investing in senior hires, expanding the compliance function and exploring new geographies, we are delighted to support them on this acquisition.
"The team at Levendi Investment Management is impressive and culturally aligned with Causeway Securities. We are now looking ahead to continued growth of the group through executing on our global strategy, defined by a combination of acquisitive and organic expansion initiatives.”
Frank Copplestone, CEO of Levendi Investment Management commented:
“Levendi is delighted to have Causeway Securities as the new custodian of the business. Combining Levendi’s fund management discipline with Causeway’s impressive operational excellence and distributional scale is a fantastic strategic fit. The Levendi team are excited to be working with the Causeway Securities outstanding management team, whose vision and leadership will prove transformational.”
The integration of Levendi Investment Management is expected to be seamless, with a continued focus on delivering value, innovation, and outstanding investment solutions to clients worldwide.