Aberdeen Asset Management is to buy Ivory & Sime Asset Management (ISAM) from Friends Ivory & Sime f...
Aberdeen Asset Management is to buy Ivory & Sime Asset Management (ISAM) from Friends Ivory & Sime for £6.5m, plus the value of the net assets at completion, expected to be around £2.1m. London-based ISAM manages British Empire Securities, quoted investment trust General Trust, Luxembourg SICAV the European Asset Value fund and funds on behalf of international institutional clients. ISAM's total assets under management at the beginning of the year were around £600m. The ISAM investment management team, led by John Walton, will be transferring to Aberdeen on completion of the tr...
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