Britannic Asset Management acquired Blairlogie Capital Management from ABN AMRO Asset Management. Terms were not disclosed. Britannic, which has £18 billion ($26 billion) in total assets under management, will have access to Blairlogies emerging-markets and EAFE strategies. It also gives the firm access to Blairlogies largely U.S. client base, which includes the state boards of investment of both Florida and Minnesota, according to P&I data.
Blairlogie, which has $800 million in assets under management, was acquired by ABN AMRO in 2000 when it bought its parent, Allegheny Asset Management, said Leslie McIntosh, Britannic CEO.
James Smith, Blairlogie chief investment officer, could not be reached for comment by press time.