Castlefield sells ACD unit to Thesis Unit Trust Management

Subject to FCA approval

Thesis Unit Trust Management (Tutman) has acquired Castlefield Partners' authorised corporate director arm ConBrio Fund Partners for an unspecified sum.

Castlefield Partners, the investment management and financial planning firm, said it was selling the division, subject to regulatory approval, to focus on a single core business, based on discretionary investment management and advisory services. Under the deal, the two fund ranges run by ConBrio, comprising eight funds, will join Tutman's 150 strategies, for which Thesis acts as ACD. Link Fund Solutions sale edges closer to completion after key condition satisfied Of the eight funds, six are managed by Castlefield and two by Sanford DeLand Asset Management. Following the sale, the...