Five M&A deals which reshaped UK asset management

Schroders today announced it is in talks with Cazenove Capital about a potential takeover of the group, as the FTSE 100 giant moves to fill a Richard Buxton-shaped hole in its UK equity desk.

The immediate attraction of the firm to Schroders is obvious. Julie Dean, one of Cazenove's top-rated managers, is on the face of it a perfect replacement for Buxton. Highly-respected manager Dean, in charge of the £1.2bn Cazenove UK Opportunities fund, has delivered top quartile returns for investors over the last one, three, and five years, according to Morningstar. Alongside Dean and other successful managers, including Matt Hudson running the UK Equity Income fund, the group also has an attractive asset - its successful wealth management business. A deal to buy the group, which...