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Rothschild buys Misys multi-manager business

Rothschild Asset Management is in talks to buy the £20m fund of funds business from IFA network Misys.

The deal will take RAM&#39s fund of funds assets to around £119m from £99m, consolidating its position as the largest retail multi-manager group in the UK.

The Misys Elite multi-manager range consists of three funds – the £10m UK Equity Portfolio, £7m Higher Income Portfolio and the £3m International Portfolio. The three Misys funds are likely to be merged into RAM&#39s three Five Arrows multi-manager funds.

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