In December 2017, the parent firm of Old Mutual Global Investors (OMGI), Old Mutual Wealth, announced that it had agreed to sell its Single Strategy asset management business (which includes OMGI's directly-invested fund range) to the Single Strategy Management Team and funds managed by TA Associates, the global growth private equity firm. The deal, which is subject to regulatory and other approvals, is expected to complete in 2018, after Old Mutual Wealth's listing on the London and Johannesburg Stock Exchanges.
As part of this transaction the following funds within our Academy of Funds, and their respective managers, will transition across to the entity:
Old Mutual UK Alpha
Old Mutual UK Equity
Old Mutual UK Smaller Companies
Old Mutual UK Mid Cap
Old Mutual North American Equity
Old Mutual Global Equity
Despite this change, we do not see the management of these strategies being materially impacted and therefore have not made any changes to their ratings. We will continue to monitor the situation and advise of further developments as and when they occur.
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