Following the retirement of VAM Funds founder, Peter de Putron, the company has joined with leading responsible investment manager, Alquity, through an acquisition that promises clients an even more comprehensive range of investment options and opportunities.
It is important to note that both VAM Funds and Alquity will continue to operate as separate brands. VAM Funds clients will retain access to the current full range of funds and services, along with their dedicated relationship managers.
VAM Funds’ access to exceptional fund managers such as Driehaus Capital Management, atomos /WTW, and Foresight will remain a key part of the offering and will be enhanced by Alquity’s leading ESG and impact funds which will be available to VAM’s 400+ IFAs.
Alquity’s Indian Subcontinent Fund is the first addition to the VAM platform, a fund that has a 5-star rating on Morningstar for performance and 5 Globes for sustainability.
The combined group, with Assets Under Management and Administration (AUMA) of US$640 million will expand its global reach, with staff on the ground in the US, UK, mainland Europe, Africa, and Asia and leverage greater resources, including an enlarged operations team, sales force, and marketing support.
Peter de Putron, Chairman of VAM Funds, commented: “After 40 years in the financial services industry the time has come for me to retire. As part of my succession plan, I have sought out a team to take VAM on the next phase of its journey and I am delighted that Alquity will be that team.”
Paul Robinson, Founder & Executive Chairman of Alquity, said: “This strategic acquisition creates a fast growing, high-quality international investment management platform that offers the best of the best investment access for advisers alongside award winning service.
“This deal creates a new scaled company enabling us to accelerate our fund growth, attract more institutional investments, and broaden the quality offering to clients.
For more information, please see the Alquity press release:
Alquity is a responsible investment manager which links listed equities and impact. Since 2010 it has been connecting investors to their investments and to social progress, seeking to deliver better outcomes for all. It has developed a 3-D investment approach for its pioneering funds, delivering high-quality ESG, generating returns and transforming lives in the regions in which it invests.
As well as investing in great companies that operate responsibly, Alquity also makes catalytic contributions of 10% of its fee revenue to support the poor and marginalised in society to create jobs and businesses through the Alquity Transforming Lives Foundation, a UK registered charity. This award-winning approach in turn generates economic growth that benefits company holdings, employees, communities and investors – its Virtuous Circle. Alquity’s funds include Global Impact, Future World, Alquity Asia, Alquity Indian Subcontinent and Alquity Africa. The company is headquartered in London, with investments around the world. Assets Under Management and Administration (AUMA) as of September 2023 are US$300m.