m&a

'Strangest market' for UK equities

Mergers down, but launches on the up

Allocations to UK fallen to record lows

Over the past quarter, the consensus view of many has been to challenge the role and attractiveness of fixed income as an asset class.

Will own 60% of Hermes IM

Short duration key in current environment

Focus on healthcare and energy

Overseas exposure a benefit

Diversification through acquisition

Adds £130m assets under influence