Iveagh name to go as City Financial buys family office wealth manager

The Iveagh name is to vanish from the investment world in the near future after the group agreed a deal with City Financial which will see the latter buy its fund range this year.

Earlier this month, Investment Week revealed the Iveagh fund range – the Dublin-listed portfolios run by Iveagh CIO Chris Wyllie – is to be sold to City Financial, with a deal agreed subject to regulatory approval. The acquisition of the UCITS fund range – which has assets under management of £160m spread across the flagship £116m Iveagh Wealth fund and a six-strong range of risk-profiled portfolios – is likely to signal the end of the Iveagh firm name, Lord Iveagh told Investment Week. The firm began as a family office for the Guinness brewing family in 1886, and became a fund manage...