British asset management group’s deal with Nuveen will create one of world’s biggest fund managersSchroders has agreed a £9.9bn takeover by a US investor, ending two centuries of family ownership of the historic British asset management group.Chicago-based Nuveen will buy the City firm, it said on Thursday, in a deal that will create one of the world’s biggest fund managers, controlling about $2.5tn (£1.8tn) of assets. Continue reading...
British asset management group’s deal with Nuveen will create one of world’s biggest fund managers
Schroders has agreed a £9.9bn takeover by a US investor, ending two centuries of family ownership of the historic British asset management group.
Chicago-based Nuveen will buy the City firm, it said on Thursday, in a deal that will create one of the world’s biggest fund managers, controlling about $2.5tn (£1.8tn) of assets.
Continue reading...
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