Carnegie Asset Management in Finland has bought the discretionary asset management portfolio of Capinordic Asset Management.

Carnegie Asset Management, part of investment bank Carnegie, is paying Skr20m (€2.2m) for the Skr1bn portfolio and will gain 1,500 clients.

Carnegie Asset Management acquires Capinordic assets

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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