Syndicate Asset Management's acquisition of Ashcourt Holdings for £13.1 million ($23.7 million) might signal a new approach in the UK fund management industry, marked by a shift towards the consolidation of small funds.
SAM, set up in March by Equity Special Solutions, a company listed on London junior market AIM, intends to acquire small funds with the goal of bringing "some billions" worth of assets into its portfolio, according to Jonathan Freeman, a director at SAM.
John Morton, chief...
