Resolution deal will spawn 'powerful' asset management force - Pearl

In a statement released this morning, Pearl outlined how its own in-house manager Axial will combine with Resolution Asset Management (RAM). It says the transition will go smoothly as the businesses are “complementary with no overlap”. Pearl currently has a long-standing relationship with Henderson Global Investors, which manages more than £19bn for Pearl, some 31% of Henderson’s total assets under management. Today's announcement raises questions about the future of this relationship. “Pearl is committed to the long term third party business of RAM and sees significant opportunities to ...