Schroders' bid approach rebuffed by FRM

Sources close to Schroders, the UK-listed fund manager, and Financial Risk Management, the fund of hedge funds specialist, have thrown cold water on the suggestions that recent talks between the two will lead to a merger.

Schroders is interested in expanding into the booming fund of hedge fund sector, and has employed the Financial Risk group in the past.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire