Blue Oar acquires discretionary manager Astaire

Blue Oar will be extending its presence into the Singapore and Malaysian markets following the acquis...

Blue Oar will be extending its presence into the Singapore and Malaysian markets following the acquisition of stockbroker and discretionary fund manager Astaire. The Aim-listed investment bank that has recently launched an asset management arm, has applied to the London Stock Exchange to buy Astaire for £1.67m in cash and shares. London-based Astaire is an independent stock broker and bespoke private client discretionary fund manager with business overseas that Blue Oar said will compliment its presence in Australia.