News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Martin Gilbert’s AssetCo eyes deal for Somerset Capital funds

Veteran dealmaker could acquire parts of the funds business set up by Tory MP Jacob Rees-Mogg

Martin Gilbert is on the acquisition trail again
Martin Gilbert is on the acquisition trail again Photo: Jason Alden/Getty Images

AssetCo, the dealmaking company headed up by City veteran Martin Gilbert, is lining up a bid to salvage some of the funds from the collapsed Somerset Capital Management.

Somerset Capital, an emerging-markets boutique co-established by Conservative MP Sir Jacob Rees-Mogg, announced it was winding down last week.

WSJ Logo