Tilney acquires £162m book from Manchester DFM
Tilney Group has finalised the deal to buy Midas Investment Management’s entire book of assets.
Tilney Group has finalised the deal to buy Midas Investment Management’s entire book of assets.
The number of female fund managers working in the UK has doubled over the past five years but, at a ratio of just one in 10, the industry still lags progress seen in other professions, according to Tilney Group.
Tilney Group’s CIO Chris Godding stresses that the case for investing in Europe is no longer valuations-based.
Tilney closed 2016 with assets under management at £22.4bn after factoring in its acquisitions of Towry and Ingenious Asset Management.
Terry Smith’s six-year old Fundsmith Equity fund has surged to £10.5bn in size as it continues to dominate execution-only fund sales charts.
Family office and wealth manager Sandaire has hired former Tilney man Andrew Waldren as its new chief operating officer to oversee its technological integration.
At least seven members of the ex-Towry investment team have been made redundant following its acquisition by Tilney Group.
Tilney for Intermediaries is planning the launch a new range of ‘risk graded, low cost multi-asset funds’. In the first quarter of 2017.
Tilney has bolstered its discretionary management business with the recruitment of a financial intermediaries director.
Douglas Lockhart, one of Scotlands most capped cricketers who retired from the game in 2011, has re-joined Tilney Bestinvest in Glasgow to manage discretionary and advisory portfolios.
Tilney and Bestinvest have completed the merger to create an investment financial planning giant.
With a focused strategy and tighter cost control evermore critical, it’s no surprise that M&A activity continues to hot up.