JPM’s Elliott: Are bigger investment trusts always better?
Consolidations have swept the sector as wealth managers seek larger trusts, writes Simon Elliott
M&A
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Asia Dragon proposes merger with Invesco Asia
The newly-created FTSE 250 company will lower ongoing fees to below 0.7%
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Titanium Ruth Bidco and Tritax EuroBox agree on all-share cash acquisition
The newly-formed company outbid SEGRO with a £557m cash offer
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HL takeover approved by Swiss Competition Commission
Private equity takeover moves closer to completion
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Brooks Macdonald snaps-up financial planner LIFT
LIFT is headquartered in Greater Manchester, with offices in London and Edinburgh
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Jupiter acquires Origin and Nick Payne exits amid emerging markets ‘review’
Firm will acquire £800m of mostly institutional assets from the London-based boutique
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Canaccord Genuity completes acquisition of Cantab Asset Management
Investment professionals and support staff at Cantab will keep existing roles
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Tavistock to sell two business arms to fund ‘potential future acquisitions’ and buy back shares
Some 30% of shareholders have already voted in favour of the sale to Saltus
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Brooks Macdonald sells international arm to CGWM as it seeks to simplify business
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
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LSEG Lipper’s John: Whither the small-cap premium?
Dewi John analyses the performance of small and mid caps across the UK US, and global equity markets over time
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Apax Global Alpha to invest £24.4m as part of Veriforce acquisition
The Apax XI fund, in which AGA is a limited partner, has agreed to acquire Veriforce
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Janus Henderson acquires global private credit firm
Victory Park Capital manages $6bn assets