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Fund manager deal speculation rife

Mellon has emerged as the leading bidder for Royal & SunAlliance Investments, according to a report in Sunday Business.

If the bid is successful, Mellon is likely to merge RSAI with its existing UK fund management operation Newton.

Also in the weekend&#39s papers, the Sunday Telegraph revealed Investec to be amongst the leading bidders in the race to buy Jupiter.

The same paper also cited Aegon to have made a bid for the Britannic Group, which hinted it was up for sale last week.

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