Contract Coup for Edinburgh Partners Boutique to Double Funds Under Management
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Summary
EDINBURGH Partners, founded by former Scottish Widows investment chief Sandy Nairn, is set to more than double assets under management in one fell swoop with its appointment to run the funds of Anglo & Overseas Trust.
The mandate, which is being switched from up-for-sale Deutsche Asset Management by the investment trust's board at a time when arbitrageur and near30% Anglo shareholder Carrousel Capital is said to have been agitating for change, is a major coup for Edinburgh Partners. Nairn's boutique, which is backed by renowned Edinburgh merchant banker Sir Angus Grossart, is less than two years old and will have been up against much bigger players in the "beauty parade" of potential managers which it won.See the full content of this document
Extract
Contract Coup for Edinburgh Partners Boutique to Double Funds Under Management
The win is good news for the fund management industry north of the border - going in the opposite direction from the switch of several big mandates from Scotland to London in ...
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