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| Where I Am? | Viewer ==> Anchor Credo Update | |||||||||||||
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| By Staff Writer | Q2 of 2024 | 2 years ago |
It was announced in late 4th quarter of last year (2023) that there are talks of merge of Anchor Group , the wholly owner of Anchor Capital , with a UK-based wealth and asset management company Credo, the transaction is touted to make a north of R230 Billion asset management and the entities will adapt a new name CACM Investement.
The good news for the involved parties is that the institution which is task to scrutinise transaction like this for monopolistic conflicts, Competion Commision , has given the merge the thumbs up to proceed.
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Around 2020, after embroiled in exceeding maximum pension mandated investments , asset manager JM Busha , did not recover and exited the unit trust industry.Nedgroup Investments does not have internal fund managers per se, it select establised asset managers to manage their unit trusts funds.In 2016,Atlantic Asset Management, founded by by Arno Laurenz , was 100% acquired by Ashburton Investment |
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| All the information presented in this website is generally geared towards educational content , so it does not constitute a personal investment advice. |