Goshawk Asset Management, the global equity boutique launched by Alex Illingworth and Harwood Capital Management, has announced its first deal with the acquisition of Vermeer Investment Management.

Vermeer Investment Management was set up in 2014, with the Vermeer Global Fund launched in December 2016 and domiciled in Dublin.

The £60.8m fund is managed by Vermeer founders, Tim Gregory and James Rowsell, as well as Charlie Fricker, and all three have now joined Goshawk. The fund is expected to be renamed the Goshawk Global Fund.

Illingworth, who will join the management team on the fund, said: “The Vermeer performance has been outstanding since inception, and Tim, James and Charlie are an ideal fit for us, since we share very similar investment mindsets.

“We’re creating the capability and the relationships to manage a number of global equity mandates, and the Vermeer Global Fund benefits from already being available on many of the major retail platforms.”

Gregory said: “Alex has a strong track record in building assets under management and delivering strong investment performance. We see this move as an opportunity to build on eight years of success, to bring depth to the team and to reach a bigger audience.”

Illingworth added: “It’s exciting to be entering the growing active ETF market, combining active management with the convenience and cost-effectiveness of ETFs to deliver Goshawk strategies to fund and ETF investors alike.”

 

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