On 5th August 2022, Revera Asset Management Limited was acquired by Assetco plc, the fast-growing, agile asset and wealth management business.
The acquisition is part of Assetco’s ambition to create a dynamic centre in Edinburgh for the management of active equity portfolios. Its other acquisitions in the city have included Saracen Fund Managers Limited and SVM Asset Management Limited.
To leverage fully the group resources available to its investment professionals, Assetco is integrating its Edinburgh businesses into a single operating entity, promoting knowledge, insight, and best practice across all areas. The first part of this process has been the novation of Revera Asset Management’s client funds into the Saracen Fund Managers stable.
Information on Saracen Fund Managers can be accessed at saracenfundmanagers.com.