InvestmentsDec 15 2014

Sanlam and Four merger receives FCA approval

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Four Capital Partners and Sanlam International Investments have received FCA approval to merge, Derrick Dunne, director of the newly named Sanlam Four Investments, has announced.

The new firm will have assets under management of US$10bn (£6.3bn).

The move will not affect existing investment teams or investment processes. Each team will be responsible for its own investment process and the achievement of its own investment objectives.

In 2009, Four and Sanlam announced an investment partnership, in which Sanlam took an initial equity interest of 29.9 per cent.

In the deal, announced on 8 December, the Sanlam Group will have an 89.7 per cent stake in the new company. The investment teams within the existing Four business will retain 30 per cent equity stakes in their specific business areas.