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ASI buys property fund manager

Aberdeen Standard Investments (ASI) announced that it is acquiring a 60% stake in real estate fund manager Tritax for an undisclosed sum.

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Vanguard considers entering UK financial advice sector

Low cost fund manager Vanguard is mulling plans to enter the UK financial advice market and, at the same time, boosting its team working with advisers and engaging direct with consumers.

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7IM co-founder Justin moves to ambassadorial role

One of the best known figures in UK investment, Justin Urquhart Stewart, is to take on a new ambassadorial role at 7IM, the company he co-founded, as he retires and steps down from his full-time position with the firm.

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Old Mutual Wealth confirms £600m sale of OMGI

Old Mutual Wealth has agreed to sell its Single Strategy investment business to TA Associates, a private equity firm, for £600m.

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