Old Mutual To Merge Asset Management Units

Apr 27 2012 | 4:34am ET

Old Mutual will merge its British asset management businesses, both of which have hedge funds in their stable, the firm said yesterday.

Old Mutual Asset Managers and Skandia Investment Group will be united in the third quarter as part of a streamlining effort. Old Mutual added that it hoped the combined business would be better able to attract and retain top investment talent.

OMAM CEO Julian Ide will serve as CEO of the merged group. Skandia's James Millard will be chief investment officer.

"The unified business will give Old Mutual a significant asset management presence in the U.K. and it will be the investment engine behind Old Mutual's wealth management business," the company said.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note