Can Axa become a force to be reckoned with?

Gosling's Grouse

If there was ever a group of people who should know how to build business to sell on, it is fund man...

If there was ever a group of people who should know how to build business to sell on, it is fund managers. And so Axa dutifully bought Framlington. A few years ago, the then Framlington management attracted Messrs Thomas and Luckraft, under controversial circumstances, with the promise of riches through equity. Up until then, Framlington had been the kind of Premiership football team that flirts with breaking into the big club bracket but never quite makes it. Antony Milford's health fund was always worth a look, but never going to be mainstream. The group went from zero to hero and back ...