Standard Life has tabled a reported £400m bid for Ignis Asset Management.
Ignis’ parent company Phoenix Group confirmed it is in advanced talks with Standard Life over the potential bid. Other firms interested in acquiring Ignis are Canadian banking group RBC and the Australian investment house Macquarie, according to report in the Sunday Times. Ignis has £68bn in assets under management, and key funds include its £2.5bn Absolute Return Government Bond product, managed by Stuart Thomson and Russ Oxley, and George Shaw’s £1.2bn UK Property fund. The group said in a statement: “Following an approach from Standard Life plc, Phoenix Group confirms that it ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
