Syndicate - Asset Management

Overview

Syndicate Asset Management is a relatively new company floated on the AIM market at the end of September 2005 with approximately £2½ billion of funds under management.  Funds under management currently stand at approximately £5.5 billion as at March 2007.  We are a holding company that aims to achieve long term capital growth by consolidating a diverse portfolio of growing, small-to-medium-sized asset management firms. We believe these will benefit from demographic and economic trends and will outperform many other sectors of the market.

Syndicate is one of only a few organisations in Europe operating as a specialist investor in the global asset management industry. However, our innovative approach preserves the entrepreneurial nature that distinguishes the most successful investment management firms by allowing the fund managers to pursue their own business strategies whilst benefiting from the economics of scale derived from being part of a larger group. This follows a formula which has been highly successful in the United States and which leaves the individual companies with a very high degree of operating autonomy whilst supporting their development aspirations.

We will grow through the organic growth of our existing subsidiary and through new investments.  There will be synergistic growth and, of course, savings on the rationalisation of common services between the various members of the Group, by:

• allowing the individual managers to retain operational autonomy, thereby preserving each managers’ distinct culture and entrepreneurial focus;
• providing members of the Syndicate Group the ability to realise the benefits of scale economies in distribution, operations and technology;  and
• aligning and enhancing the interests of the individual managers and the Syndicate Group