{"id":72690,"date":"2018-07-12T05:28:00","date_gmt":"2018-07-12T03:28:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/natixis-investment-managers-to-acquire-stake-in-wcm-investment-management-form-global-distribution-partnership\/"},"modified":"2018-07-12T05:28:00","modified_gmt":"2018-07-12T03:28:00","slug":"natixis-investment-managers-to-acquire-stake-in-wcm-investment-management-form-global-distribution-partnership","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/natixis-investment-managers-to-acquire-stake-in-wcm-investment-management-form-global-distribution-partnership\/","title":{"rendered":"Natixis Investment Managers to Acquire Stake in WCM Investment Management, Form Global Distribution Partnership"},"content":{"rendered":"

Natixis Investment Managers (Natixis) announced it has signed an agreement to acquire a
\nminority stake in WCM Investment Management (WCM) and become their exclusive third-party
\ndistributor, subject to limited exclusions. The agreement establishes a long-term partnership
\nthat will allow Natixis to distribute WCM\u2019s investment strategies globally, which in turn enhances
\nWCM\u2019s ability to grow and create opportunity for its clients and employees while upholding its
\nfocus on its culture and investment process.<\/strong> <\/em><\/p>\n

With $29 billion of assets under management (as of May 31, 2018), employee-owned WCM is best
\nknown for managing low-turnover, alpha-generating equity portfolios with a focused, global growth
\napproach. WCM\u2019s strategies are differentiated by first, an emphasis on the dynamics of competitive
\nadvantage and second, the critical role of a healthy culture aligned with that advantage. The addition of
\nWCM to Natixis\u2019 global multi-affiliate platform will give Natixis clients access to another high-conviction,
\nhigh-active share investment manager with a distinctive investment culture and process.<\/p>\n

Under the terms of the agreement, Natixis Investment Managers will acquire a 24.9% stake in WCM
\nand enter into a long-term exclusive distribution agreement, subject to limited exclusions. WCM will
\nretain its independence and autonomy over the management of its business, its investment philosophy
\nand process, and its culture, while benefitting from a strong global partner. Paul Black and Kurt Winrich
\nwill remain as co-CEOs, and there will be no changes to management or investment teams. The impact
\nof the transaction on Natixis\u2019 CET1 ratio is estimated to be approximately -15 basis points (bps).<\/p>\n

\u201cWe are pleased to become the global third-party distributor for WCM, whose strong track record and
\nproven investment process make them an excellent partner and strong addition to our global offering,\u201d<\/em>
\nsaid Jean Raby, CEO of Natixis Investment Managers. \u201cOur investment in WCM exemplifies our
\ncommitment to adding high-conviction, highly active investment managers to our multi-affiliate platform
\nin order to provide our clients with a wide range of unique investment opportunities.\u201d<\/em><\/p>\n

\u201cWe\u2019re really excited to enter into this partnership with Natixis,\u201d<\/em> said Paul Black, Co-CEO of WCM
\nInvestment Management. \u201cAfter a lot of thought and collective input, we concluded the smartest way to
\nenhance our stability, and to guard our investment temperament, was to partner with a world-class global
\ndistribution platform. For some time now, we\u2019ve known that diversifying the product mix within the firm\u2014
\nby raising the profile of our global strategy, our emerging markets strategy, and various other investment
\nstrategies\u2014is the key to making this happen.\u201d <\/em><\/p>\n

\u201cOur culture starts with kindling an entrepreneurial spirit, driven by empowerment and transparency,\u201d<\/em>
\nsaid Kurt Winrich, Co-CEO of WCM Investment Management. \u201cWe try hard to pay attention, seize
\nopportunity, be smart, stay humble, and stay hungry. While working hard and caring for your people is
\nessential, we strongly believe it doesn\u2019t explain everything, and that success also involves being given
\nsome opportunities. Today, we have another opportunity placed before us. This partnership will allow
\nus to stay focused on what we do best; namely nurturing and growing a vibrant, robust culture, and
\ngenerating superior performance for our clients.\u201d <\/em><\/p>\n

WCM was advised by Cambridge International Partners, New York. The transaction is expected to close
\nin the second half of 2018, subject to customary closing conditions and regulatory approvals. <\/p>\n","protected":false},"excerpt":{"rendered":"

Natixis Investment Managers (Natixis) announced it has signed an agreement to acquire a
\nminority stake in WCM Investment Management (WCM) and become their exclusive third-party
\ndistributor, subject to limited exclusions.<\/p>\n","protected":false},"author":20,"featured_media":72688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,2007,1678],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/72690"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=72690"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/72690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/72688"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=72690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=72690"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=72690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}