Sterling was on the rise in afternoon trading following a a series of optimistic forecasts for the UK economy from Chancellor of the Exchequer Philip Hammond in his first Spring Statement.
Hammond revealed the Office for Budget Responsibility (OBR) had raised GDP growth expectations for 2018 to 1.5%, up from 1.4% it predicted in November, leading to sterling gaining 0.46% against the dollar...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum