The board of Tavistock Investments has "unequivocally rejected" a takeover bid from fellow AIM-listed stock TEAM, after it said the firm had "significantly undervalued Tavistock and its standalone prospects".
TEAM, which owns TEAM Asset Management, approached Tavistock with an offer on 11 March and announced yesterday (23 March) that it was "seeking to engage with Tavistock shareholders to discuss the merits...
Asset managers must provide evidence demonstrating the right investments are being made both from financial and sustainability aspects, or risk undermining investors’ trust, Schroders’ Alex Funk says.
Q4 2020 saw 11% rise in assets
Two rate hikes now expected in 2023
A world of 750 multi-asset funds
Multi-billion pound industry
Five key points
400 to be made redundant
Wealth manager also considering sale
'On the surface, flat-rate tax relief is very appealing'