Merian Global Investors is eyeing Neptune Investment Management as an acquisition target, Professional Adviser's sister title Investment Week understands.
The firm, which spun out of Quilter - formerly Old Mutual - in 2018, is said to be in talks regarding its first acquisition under its new brand Merian, according to Investment Week sources. Neptune has struggled in recent times, with its full-year results published in October showing total assets shrunk by £170m to £3.6bn, while there has been a deluge of significant portfolio manager departures, including manager of the £331m Neptune European Opportunities fund Rob Burnett, who left the firm after 16 years in December. The firm also saw the departure of US equities managers Ali Unwin...
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