7IM to acquire £1.1bn asset manager Tcam

7IM said the acquisition will combine its risk management, research and platform capabilities with Tcam's "active management strength" and the firms' shared investment philosophies and multi-asset investment approach. The £1.1bn acquisition will take 7IM's AUM to £13.6bn, the firm said, while the Tcam brand will continue to exist for the meantime but will operate fully under the 7IM brand by the end of the year. The merged firm will have offices in London, Edinburgh and Jersey. Asked what would happen to Tcam's 64 employees as the firms come together, a 7IM spokesperson said: "Inte...