LarrainVial, one of the largest financial services groups in Chile, has acquired a 25% ownership stake in Aubrey Capital Management. The investment is part of a strategic partnership between the two firms. Aubrey, based in Edinburg and London, is a specialist boutique manager primarily focused on global equities. Founded in 2006, Aubrey reports over $1 billion of client assets in three long-term growth equity strategies – Global Emerging Markets, European Conviction, and Global Conviction – and one diversified, macro-driven strategy, Defensive Income.
The collaboration between the two firms is said to be fostered by a mutual interest in the evolving landscape for independent investment firms managing active strategies.
The partnership is said to provide Aubrey with access to LarrainVial’s experience investing in Latin America, while LarrainVial will benefit from the knowledge of Aubrey’s investment team.
Andrew Ward, Chief Executive Officer of Aubrey Capital Management, said the company is pleased to partner with a leader in the Latam financial sector. The relationship deepens the company’s distribution network and creates further synergies.
Ladislao Larrain, Chief Executive Officer of LarrainVial Asset Management, said the partnership is “paving the way for innovative investment solutions and sustainable growth.”
LarrainVial was founded in 1934 in Latin America and has offices in Chile, Peru, Colombia, and the United States. In 2009, LarrainVial Asset Management merged with a subsidiary of Consorcio, a large insurance firm in Chile. Currently, LarrainVial manages more than $7.2 billion in assets through mutual funds, investment funds, and portfolio management.