Guinness Global Investors has completed its acquisition of Foresight Capital Management (FCM), the public markets division of Foresight Group.
The deal includes FCM’s listed real assets strategies and the WHEB sustainability and impact strategies.
Foresight Group, which operates across the UK, Europe and Australia, said the transfer of all of FCM’s funds to Guinness Global Investors leaves the business minimal stranded costs and enables it to focus on its core real assets and private equity businesses.
As announced by the two firms in June, FCM’s listed real assets team will join the Guinness Real Assets team led by Mark Brennan, who co-developed and managed the real assets strategies at FCM prior to joining Guinness, while Nick Scullion, partner and head of FCM, will remain with Foresight.
Following the FCM’s acquisition of WHEB Asset Management last year, the WHEB Sustainable and Impact team will join the Guinness team managing the Guinness Sustainable Energy strategy and the Guinness Global Environment strategy.
