Goshawk Asset Management – the global equity boutique created by former Artemis manager Alex Illingworth last year – has made its first acquisition with the purchase of the Vermeer Global fund.
Established in 2014, the firm launched the £60.6m fund (its first and only) in late 2016. Since then, Vermeer Global has made a total return of 128.4%. beating its peers in the IA Global sector by 29.4 percentage points on average.
Managers Tim Gregory, James Rowsell and Charlie Fricker will continue to run the fund at Goshawk, with Illingworth now joining them on the team. It will soon be renamed the Goshawk Global fund.
Vermeer Investment Management also has a private client business called Vermeer Partners, which is not part of the acquisition.
See also: Former Artemis manager to launch new global equity business
Gregory said the asset management branch’s move over to Goshawk is “an opportunity to build on eight years of success” that would allow the fund “to reach a bigger audience”.
Illingworth added that his investment approach aligns with that of the incoming managers, making them a prime acquisition for Goshawk.
“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,” he said.
“We’re all focused on buying great companies yet being diligent about valuation. The team benefits from an average of 30 years’ investment experience.”
