Richard Buxton, chief executive of Old Mutual Global Investors, is set to announce he is ready to complete a £550m buyout of the single-strategy business from parent firm Old Mutual Wealth, with the backing of former Jupiter owner TA Associates
According to Sky News, Buxton is on the brink of a deal to buyout the £25bn single-strategy business, which includes the £2.3bn UK Alpha fund he runs, as the parent firm continues its 'managed separation'....
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till