Jupiter Asset Management to buy Merian Global

Jupiter Asset Management has struck a deal to buy Merian Global Investors for £370m via a new share issuance in Jupiter stock. Whilst not the largest asset managers in the UK, the merger brings together two favourites of the industry with a combined £65bn in assets under management. With both fund houses suffering outflows in assets over 2019 the two entities hope this new merger will revitalise their opportunities and bring the groups asset inflows back into positive territory.