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Colonial take Stewart Ivory

Colonial has confirmed it will buy Stewart Ivory for £72m, a move that the fund manager believes will allow it to expand its IFA product range.


The acquisition will help Colonial broaden its international fund management capabilities and will trade under the name Colonial Stewart Ivory.


The move brings together the “bottom up” investment styles of the two companies, according to Colonial Group managing director and chief executive officer Peter Smedley.


Colonial head of public affairs Simon Anderson says: “The move capitalises on the strength of both companies and we hope bringing the two together will allow us to offer a wider product range to IFAs in the future.”

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