Towry has increased its offer for Ashcourt Rowan to £120m, a move which is understood to have been prompted by rival bidders circling the firm.
Following the unexpected poor performance of ‘event driven' strategies in 2014, Philippe Ferreira, head of research, managed account platform at Lyxor Asset Management, analyses what went wrong and they are doomed to repeat the same mistakes in 2015....
Standard Life has bought advice firm Pearson Jones from Skipton Building Society as it moves to capitalise on the demand for pensions advice.
Nick Train has a growing level of M&A activity in recent years has forced him to add non-benchmark holdings to his UK equity portfolios.
2014 was a great era for merger and acquisitions, but managers expecting another bonanza year should think again - M&A activity will likely be more subdued next year, says AXA Framlington's Jamie Forbes-Wilson.
Why we are dipping our toes back into EMs
Aviva has agreed terms with Friends Life for its £5.6bn takeover of the group, which will create the UK's largest insurance, savings, and asset management firm.
The private equity firms eyeing wrap provider Transact have withdrawn their approaches, Investment Week understands.
Clive Cowdery, the former head of Resolution and major shareholder at Friends Life, is set to walk away with £160m from the £5.6bn takeover deal announced on Friday.