Independent stockbroker and investment manager Goy Harris Cartwright has acquired Coventry-based Berkeley Fund Managers for an undisclosed sum.
BFM, with nine employees and around £100 million of funds under management, is best known for its Berkeley UK Growth and Value Fund, Berkeley International Growth and Value Fund and Berkeley Gilt Plus Fund.
All three have recorded top quartile performance over one, three and five years. Paul Harris, chief executive of GHC, said: "There was considerable competition for BFM and we are very fortunate to be the successful bidder. With BFM we are not just adding a new office but also bringing another top-rated investment team into GHC."
The BFM funds are managed by Brian White, the firm's head of investment.
He has mentored some of the most respected fund managers including F&C's Richard Philbin, Premier's Ian Rees and Credit Suisse's Scott Spencer, all of whom began at BFM. Raj Basra, a fund analyst at Gerrard was also mentored by Mr White. BFM originally provided investment management services to independent financial advisers but has developed into an independent discretionary investment manager.
