HHG may sell closed funds to tycon Osmond - papers 11th Feb

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BUSINESS TYCOON Hugh Osmond may now be the main contender for purchase of HHG's closed life assurance funds after he reportedly threatened to impose a "break fee" on the firm should they reopen talks with Resolution Life, say both the Timesand the Daily Telegraph .

HHG was the life and fund management business of AMP but was spun-off in 2003 as a separate business, and now contains the assets of NPI, Pearl London Life and Henderson fund management. Despite being...

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