The acquisition of Cazenove Capital by Schroders is unlikely to impact Fitch’s rating of Schroders Investment Management, currently at ‘M1’ Asset Manager rating and ‘A+’ Long-term Issuer Default Rating, the rating agency said.
Schroders has this morning confirmed it is in talks with Cazenove Capital regarding a possible cash offer for the business, with a deadline of 19 April for providing a firm statement of intent to buy or walk away according to the UK rules on takeovers and mergers.
Cazenove won the category for Single Country Fund of the Year at the InvestmentEurope Fund Manager of the Year Awards 2012-13.
Cazenove Capital has named Paul Battams as portfolio manager for its Jersey office from July 2012.
Risk implications of the eurozone crisis, the cost of safe haven assets and the challenge of stocks cherry picking are the top concerns for investors, according to questions submitted by the audience attending the annual Cazenove Capital Management Q&A roadshow held in London today.
Cazenove Capital Management is gradually expanding its European reach with new hirings and product launches.
Cazenove Capital has confirmed it is launching its European Income fund, run by manager Chris Rice, in May this year.
Sehr geehrte Frau Merkel, Germany is the problem. You are clearly inundated with advice, much of it poor, and you have shown a diplomacy and statesmanship sadly lacking from some of your European partners, as well as from your Anglo-Saxon friends across the Channel and Atlantic.
Fifteen years ago, two hedge fund traders working for Credit Suisse were approached by Crispin Odey to replicate his successful asset management business for private clients. The result was Odey Wealth in Guernsey, one of two wealth management offshoots of Odey’s main business that both selects and manages funds.
More than half of UK absolute return funds fail to beat inflation
Three quit AXA IM US credit team, Burstow returns to Barings after four years, Jefferies hires two UK equities managers from Nomura.