Framlington purchased by Axa IM

Axa Investment Managers has bought London-based Framlington Group for £174m from its current joint owners, HSBC Holdings and Comerica. Framlington has been primarily acquired for its UK fund range and well-known fund managers like George Luckraft, Nigel Thomas and Roger Whiteoak. The firm will operate under the brand name Axa Framlington once the deal is completed in September or October. The asset manager also has a Luxembourg Sicav, Framlington International Portfolios, with four sub-funds. They are the FIP American Growth, FIP Health, FIP Nasdaq and FIP NetNet funds. But the Sicav ra...