Smith & Williamson (S&W) has handed over the management of funds worth £1.2 billion to Sanlam Investments, the asset management boutique of wealth management group Sanlam.
The eight funds, including a £584 million artificial intelligence fund, will take Sanlam Investments’ funds under management to £7.3 billion. Ten staff, including six fund managers, will move to Sanlam as part of the deal which is subject to approval by S&W shareholders.
Sanlam said in a ...
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