Renaissance Asset Managers, a specialist asset manager focused on emerging and frontier markets, has bought the investment management mandate for two further Emerging European funds within the Griffin Umbrella Fund. The funds’ managers join Renaissance in London and continue to manage the funds.
Adrian Harris, head of distribution at Renaissance Asset Managers, said: "This marks the concluding piece of our deal with Griffin. Having entered the UCITS funds business in October 2010, our combined UCITS assets of over $570m gives us a top performing business with scale in our core Eastern European market. The UCITS business builds on our industry leading franchise in Russian infrastructure, our award winning Private Client business in Russia and our closed-end fund business."