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Gresham House ups stake in Brooks Macdonald to £42m amid takeover speculation

UK wealth manager has slashed jobs and named a new chief executive

City of London headquartered wealth manager Brooks Macdonald has been the subject of takeover speculation as private equity firms circle the industry
City of London headquartered wealth manager Brooks Macdonald has been the subject of takeover speculation as private equity firms circle the industry Photo: Getty Images

Gresham House has significantly upped its stake in UK wealth manager Brooks Macdonald.

The London-based alternatives shop has more than doubled its holding in Brooks Macdonald, from 5.6% to 12.7% over the past two months, according to stock filings. 

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