m&a

Henderson's Alex Crooke, manager of the £647m Bankers investment trust, has sold out of UK recovery plays as he does not expect this part of the market to deliver for a number of years.

The managers of the Threadneedle Absolute Alpha fund, Mark Westwood and Chris Kinder, discuss five positions capable of adding alpha over the long term, in an environment where valuations look stretched.

BlackRock has agreed to acquire private equity real estate adviser firm MGPA for an undisclosed sum.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

Ashcourt Rowan will consider ‘gap fill' acquisitions of small fund businesses as it targets a new phase of growth, according to CEO Jonathan Polin.

TURNAROUND STORIES

Mark Martin, manager of the Neptune UK Mid Cap fund, explains why investors should expect M&A activity to return to markets, and which mid-cap companies could be prime targets for takeover.

Tom Dobell, manager of the £7.5bn M&G Recovery fund, has told investors he is working harder than ever to turn around the fund's performance after a difficult spell over the past couple of years.

Jupiter chief executive Edward Bonham Carter has criticised EU proposals to cap fund manager bonuses, saying the moves could jeopardise industry stability.

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