Managers on 'wait and see' footing following Schroders-Nuveen deal

Scale no longer a 'luxury'

Patrick Brusnahan
clock • 3 min read

A week after Nuveen’s £9.9bn offer for UK-based asset manager Schroders was accepted (12 February), managers and analysts are still debating if the deal was a bargain.

The majority of those with stakes in Schroders are taking a muted, ‘wait and see' approach following Nuveen's bid for the asset manager. Of the top ten funds that have the biggest stake in Schroders, according to Lipper data as of 31 December 2025, only one was willing to comment on the implications of the deal. James Lowen and Clive Beagles, senior fund managers on JO Hambro's UK Equity Income fund, said: "We were pleased and interested to see a value realisation event – which highlights yet again the degree of undervaluation across the UK market. "We did, however, think the...

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