Threadneedle shares in Attica

Threadneedle has taken a majority shareholding in manager of managers (Mom) provider Attica Asset Management. Attica becomes an autonomous unit within Threadneedle and will remain independent in terms of operations and investment processes. Threadneedle has said it has no plans to launch its own branded multi-manager offering for the UK retail market. As has been the case since Threadneedle bought an initial 29.9% stake in the Mom provider in June 2002, it will remain excluded from consideration as a potential manager within Attica's multi-manager products. Although primarily used...