Announcement also sees founder stepping down as executive chairman
Cutting costs - and political legacies - dominating the US
Managers joining from Veritas and Baillie Gifford
All data is from FE Trustnet to 7 October 2015, unless stated.
Affiliated Managers Group (AMG), best known in the UK for its 60% stake in Artemis, has acquired a majority holding in Veritas Asset Management.
The UK Equity Income sector's total return outstripped other income-focused offerings in the last year, easily surpassing Asian, European and global equity market products. Does that make now a good time to switch?
Veritas is to divide its asset management and private client businesses into two separate groups, in an overhaul of the company's structure.