7IM

Backed by support services company Bankhall

Only a third posted positive returns

The Caledonia investment trust has agreed to acquire a 94% stake in Seven Investment Management in a deal valuing the firm at £100m.

Threadneedle is to merge its multi-manager range into funds run by Seven Investment Management (7IM), with two managers set to move across as part of the deal, Investment Week can reveal.

The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.

An eye on the funds of the future

Cofunds's former marketing director Verona Smith has joined Seven Investment Management (7IM) as head of platform.

ONE TO WATCH

Platform providers who are overcharging for propositions are finding the "the noose is tightening" around them, according to a new pricing guide.

7IM's Alex Scott has begun switching out of corporate debt in favour of Spanish and Italian bonds on a large proportion of the group's funds, ahead of any rise in government bond yields.