Companies
Alternatives | 20 Apr 17
Schroders boosts private equity holdings with Adveq deal
Schroders is set to expand its private equity business through the acquisition of Swiss-based private equity firm Adveq Holding for an undisclosed sum.
DeVere denies ‘unfounded claims’ it uses prohibited funds in SA
International advisory firm deVere has denied claims that it has been investing its South African clients’ money in offshore funds which have not been approved by the country’s regulator, blaming the “unfounded allegations” on a disgruntled former employee.
Focus Financial sells majority stake to two private equity firms
Private equity firms KKR & Co and Stone Point Capital have announced plans to take a majority stake in Focus Financial Partners, a US-based network of independent fiduciary wealth management firms, in a deal worth $2bn (£1.6bn, €1.9bn).
Provisca signs up asset manager Heptagon to target IFAs
International product distribution business Provisca has partnered with Heptagon Capital to help the London-based asset management firm actively promote its funds in the retail market for the first time.
PEOPLE MOVES: Lombard Odier, Neuberger Berman, Livingbridge
The industry’s revolving door slowed down as the Easter break approached. Lombard Odier IM created a head of third-party distribution role, while Neuberger Berman has a new head of China. The former managing director of Fharlie Advisers has appeared at Livingbridge.