Wealth Manager understands Schroders Investment Management is in bid talks with Cazenove Capital.
According to sources close to Wealth Manager, Schroders is looking to acquire the boutique on news star UK equity manager Richard Buxton and two other members of its UK equity team to Old Mutual Global Investors. It is not clear whether the talks started before or after the trio agreed to join Old Mutual.
The acquisition of Cazenove Capital would certainly help maintain confidence in Schroders’ UK equity franchise, especially amid the threat posed by Buxton who will replicate the strategy he ran when he joins Old Mutual Global Investors in June.
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