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What is Liontrust getting for its money from the Hawksmoor deal?

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The announcement that Liontrust is to acquire the multi-manager fund and model portfolio business of wealth manager Hawksmoor was a rare thing: an asset management acquisition greeted positively by analysts and investors. Liontrust gains £1.9bn of assets and will pay £6mn upfront, with the potential for a further £4mn if…

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