Ashburton Investments Buys Atlantic Asset Management

 In news

Purchase price for Cape Town-based fixed income asset manager not disclosed, Ashburton Investments says in e-mailed statement.

* Subject to regulatory approval, Atlantic funds will be rebranded to Ashburton Investments;
* Acquisition effective Jan. 1;
* NOTE: Ashburton Investments is asset managment business of FirstRand Group. Source: Bloomberg

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