Old Mutual Wealth is planning to buy 50% stake in Cirilium, a joint investment venture between Henderson and Intrinsic Financial Services.
In February, Old Mutual acquired Intrinsic, a UK-based adviser network with over 3,000 restricted and independent advisers.
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Cirilium fund range, which was established in 2008 as a joint venture with New Star Asset Management with Henderson taking over the portfolios in 2009, currently supports £1.4 billion of investments.
Money Marketing has reported that Old Mutual is in talks about the possibility of buying the remaining 50% share from Henderson, though no firm decision has been made.
"No changes are being made to the Cirilium proposition at this stage. It is a joint venture between Intrinsic and Henderson and so naturally both companies will be looking at how to develop the proposition in future because it remains the core investment solution for Intrinsic’s restricted advisers," a spokesperson for Old Mutual said.
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