Liberty Ermitage, which employs 33 staff at offices on the Esplanade, specialises in hedge funds, a sophisticated form of investment and one of Jersey’s fastest growing niche markets.
The company, whose previous major shareholder was the Liberty Group – part of Standard Bank – has been looking for a buyer for months and at one time were considering up to 20 expressions of interest.
Yesterday it was announced that a deal had been secured with UK-based Caledonia Investments plc, who will acquire 60% of the company, with the other 40% going to the Liberty Ermitage management team and a new chairman, Paul Myners.
