Avendus Capital has acquired long only India equities fund manager Ocean Dial Asset Management, taking on £450m of AUM across three funds for an undisclosed fee.
The acquisition, subject to regulatory approval in the UK and India, will see Avendus obtain a 100% shareholding from chairman and managing director of Ocean Dial Investment Company, Raju Shukla. Ocean...
Five new entrants to the table
First day of trading on 15 December
'Duty of responsibility' guidance
Led by Ash Ray
Replacing Tom Hawkins