Close acquires Aon for MM

It follows Close’s acquisition of Escher, now Close TEAMS in July 2005. The firms will now be combined to form Close Multi-Manager, which will have around £2bn of funds under management. The Aon multi-manager business, formed in March 2003, is led by Adrian Swales. Its Dublin-based OEIC offers six funds covering global asset classes, and clients include Norwich Union. Having secured approval from the FSA and the Irish Financial Services Regulatory Authority (IFSRA), the deal means Swales will become chief executive of Close Multi-Manager. Meanwhile, Steve Delo from Close TEAMS...