Companies
Old Mutual exits India with sale of joint venture life stake
Old Mutual is pulling out of its joint venture life company in India by selling a 26% stake for a net cash sum of £141m ($182m,€167m).
Seven IM unveils new model portfolio service
Wealth manager Seven Investment Management (7IM) has launched a new managed investment service for advisers and added new features to its flagship discretionary managed portfolio.
Invesco boosts global ETF offering with Source deal
US-based investment manager Invesco has announced a deal to buy one of Europe’s major Exchange Traded Product (ETP) providers, Source.
Brooks Macdonald approaches £10bn in assets under new CEO
Brooks Macdonald has grown its funds under management to nearly £10bn ($12.8bn, €11.7bn) in the first three months of 2017, signalling a strong start for new chief executive, Caroline Connellan.
Buoyant growth in Asia and Europe fuels Jupiter Q1 fund flows
Global fund management group Jupiter saw net mutual fund flows of £1.4bn (€1.65bn, $1.8bn) in the first quarter of this year, fuelled by “particularly strong” growth in Asia and continental Europe.