FFP buys Sagitta to diversify client base

Fleming Family & Partners (FFP) has bought Sagitta Asset Management, taking its total assets under management to £3.6bn. All of Sagitta's existing funds and mandates will now operate under the FFP banner. Gavin Rochussen, FFP's chief executive officer, said: "Over time we will look to see where the synergies are at each of the individual funds and take the best of both approaches. "Ten of Sagitta's core investment team will move to FFP, including Bob Michaelson, its chief investment officer, who will assume the newly created role of group investment director. Others joining him include J...