m&a

Baker Tilly has announced it would pay cash for RSM Tenon, following an investors' notice last week that it was considering the acquisition.

Concerns over an expected capital raising at Barclays have pushed the stock down over 3% in the opening hours of this week's FTSE 100 trading.

RSM Tenon has been approached over a potential acquisition by accountancy firm Baker Tilly.

IFA acquirer and wealth manager Bellpenny has acquired Walton on Thames-based IFA Entire Wealth Management.

ASEAN

Over the past couple of years, the landscape of the wealth management sector has evolved markedly.

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.