The £25.7bn single-strategy business spun out from Old Mutual Global Investors' (OMGI) and sold to senior management, including chief executive Richard Buxton, and TA Associates will be capitalised to "attract new investment desks and fund managers", while Buxton will also remain as manager of the £2.3bn UK Alpha fund.
Parent firm Old Mutual Wealth confirmed this morning the single-strategy business will be sold in a £600m deal with TA Associates paying £570m in cash on or before completion and a further estimated £30m,...
Hired as portfolio manager in global equity income team
'Three cycles are colliding'
Partner Insight: Alex Wright explains how he has honed his value contrarian approach to investing in the Fidelity Special Situations Fund and why the potential to lose money is often lower than in traditional funds
Latest news and analysis
LGIM's Solomon: My first job is 'mum' but working in this role allows me to be the best version of myself
Leads diversity initiative at LGIM