Liontrust expands multi-asset reach with Hawksmoor acquisition

The transaction marks a strategic push to diversify Liontrust’s offerings for financial advisors. By absorbing Hawksmoor’s valuation-led, bottom-up investment process, Liontrust gains exposure to listed alternatives and investment trusts that differ from its current portfolio. Ben Conway, who currently leads the Hawksmoor fund management division, will join the Liontrust multi-asset team to oversee the transition of these mandates.

Liontrust expects the acquisition to be immediately earnings-accretive upon completion, slated for December 31, 2026. The purchase, funded entirely through existing cash reserves, also brings Richard Philbin’s managed portfolio services into the fold. This expansion reflects broader consolidation trends within the UK wealth management sector as firms seek to capture niche market share and scale their client bases.