UK - Tilney Investment Management is looking to make a series of acquisitions to bolster its presence in both the private clients and institutional markets.
The firm – which is owned by US-based private futures, brokerage and asset management giant Refco – is in talks to buy the private client businesses of both Edinburgh Fund Managers and SG Asset Management.
Tilney – which has some £3bn in assets under management – is expected to turn its attentions to the institutional market once those deals are completed.
Marketing director Ian Beestin said: “We’re working on some deals at the moment, but we can’t comment on any specifics.
“On the institutional side, there are no deals as we speak, but things may happen.”
Tilney was founded in Liverpool in the 1800s, and in 1986, it joined the Charterhouse Group, part of the Royal Bank of Scotland.
In 1993, it underwent a management buyout and was absorbed by Refco in May 2000.
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