Sanlam to assume responsibility of eight S&W funds as six managers join

The deal will see Sanlam take on several equity, fixed income and thematic funds, subject to approval from both boards of S&W Fund Administration and S&W Investment Management Ireland, and will bring the firm's total AUM to £7.3bn. Almost half of the total AUM moving to Sanlam comes from the £584m S&W Artificial Intelligence fund, which will boost the company's specialist thematic offering. Also part of the deal, which is expected to be completed by the end of January, are three equity funds - S&W North American Equity, S&W UK Equity Growth and S&W European Equity - and three fixed in...