IMS, a fund multi-manager, has bought rival provider MM Asset Management from Threadneedle Asset Management.
IMS, run by Richard Timberlake, will issue new shares to fund the deal but has not disclosed the size of the acquisition.
Threadneedle sells multi-manager arm to IMS
IMS, a fund multi-manager, has bought rival provider MM Asset Management from Threadneedle Asset Management.
IMS, run by Richard Timberlake, will issue new shares to fund the deal but has not disclosed the size of the acquisition.