Baillie Gifford FUM plummets £20bn
Current market cycle ‘proving to be particularly powerful’
Current market cycle ‘proving to be particularly powerful’
GAM board calls for shareholders to accept the deal
Following the appointment of Gabrielle Beaumont as CEO
Backed by 84% of votes at a general meeting held on 7 July
Deal will see the US private credit firm renamed ‘Man Varagon’
CEO Nikhil Rathi revealed they had been ongoing since mid-2021
Strategy was suspended on 15 June following ‘sizeable’ redemption requests
It is just the latest company to seek to distance itself
Investment services provider will sub-manage Eden Park’s Brunel range
Manager Oliver Kelton would move across with the European strategies
Acquisition includes 21 research analysts covering UK retail funds
As it bids to become one of the ‘leading players’ in the market