Allianz GI acquires bond specialist Rogge Global Partners

Sold by majority shareholder Old Mutual

Allianz Global Investors has acquired global bond manager Rogge Global Partners (RGP) from Old Mutual.

Allianz GI is acquiring 100% of the share capital for an undisclosed sum as it hopes to strengthen its existing fixed income capabilities, particularly in the UK. London-based RGP has £24bn in assets under management and runs various global and emerging markets fixed income funds. Allianz GI already has an Asian fixed income and emerging market debt teams, and have recently hired Mike Riddell from M&G to lead the UK fixed income franchise. Riddell gears up to build UK bond franchise at AllianzGI Rogge was put up for sale last December, with three firms including Aberdeen Asset Ma...