News in brief 1


• American Express has sealed an agreement with Zurich Financial Services Group to acquire London's long-only and hedge fund manager, Threadneedle Asset Management for about $570m cash by year's end. Threadneedle is Britain's second largest funds manager with about $75bn assets under management. The London firm runs a still-open credit hedge fund managed by Robert Stirling, and closed European long/short and UK long/short funds managed by Darrel O'Dea and Paul Findley respectively. As at the end

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