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Woodford dropped by another fund house

Architas has fully disinvested from the Woodford Equity Income fund within its six-strong £920m multi-asset fund range as it raises concerns over the manager’s current style, Money Marketing has learned. The firm has reduced the overall asset allocation to UK equities in the range as it decides to focus on fewer more “flexible” fund managers […]

Buxton Richard Old Mutual

Old Mutual sells OMGI in £600m deal

Old Mutual has confirmed the sale of OMGI for £600m, the latest step in its managed separation. OMGI chief executive Richard Buxton and the senior management team will partner with private equity house TA Associates to buy the single strategy asset management business, which manages £25.7bn. The deal sees the single strategy business separate from […]

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