Swiss-based specialist asset managers Quaero Capital, with USD1.4 billion under management, is to join forces with London-based Tiburon Partners, who manages USD900 million in Asia, to create a single business which manages more than USD2.3 billion.
The firms say that in line with the shared boutique philosophy the combined business will remain 100 per cent employee owned and continue to focus on highly concentrated, actively managed, value strategies.
Quaero Capital CEO Jean Keller says: “We are delighted to be joining forces with another excellent value specialist as our skills and expertise are wholly complementary. We are also excited to have a substantial presence in London – one of the key centres for investment talent in the world.”
Tiburon Partners’ senior partner Rupert Kimber says: “Quaero Capital’s managers think and work like us. They have a similar investment approach based on value orientated, concentrated portfolios. So, naturally, we are keen to partner with a firm which shares our philosophy, and can take our offering more widely around Europe.”
