Edinburgh Fund Managers is set to acquire Portfolio Fund Management, the unit trust fund-of-funds manager owned by Liberty Financial Services in the UK, for up to £20m (€33m).

Portfolio runs £427.8m of assets under management across a range of specialist investment funds, including nine authorised fund-of-funds, an authorised monthly income unit trust, and an authorised unit trust investing in UK direct property and property shares.

Edinburgh Fund Managers snaps up UK fund-of-funds player

Janine Brewis

Aberdeen Asset Management

Sun Life Financial

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Find out who is on the move in the City and beyond this week

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CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

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.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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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.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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