Jupiter and Merian deal reaction: 'Lower product overlap than might be anticipated'
Possibility of fund mergers and closures on completion
Jupiter Fund Management’s acquisition of Merian GI largely welcomed by commentators
Jupiter Fund Management’s acquisition of Merian Global Investors for £390m has been welcomed by industry commentators as "a good fit" despite some product overlap, as well as "symptomatic" of the pressure on active managers.
David McCann, an analyst at Numis Securities, called the deal, which remains subject to regulatory and shareholder approval, "inexpensive". In a note to investors, McCann said: "While we note that Merian...
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