25 September 2018 - On 29 June 2018, the single strategy business of Old Mutual Global Investors was acquired by its management, in partnership with private equity firm TA Associates. From 1 October 2018, this new entity will be rebranded Merian Global Investors. At the same time, its funds will also be renamed.
Old Mutual Global Equity Absolute Return fund, which is on the Chelsea Selection, will be called Merian Global Equity Absolute Return fund.
The name was inspired by the remarkable life of the scientist, adventurer and artist Maria Sibylla Merian. The newly named company has assets under management of £34.3 billion as at 31 July 2018.
The multi-asset business of Old Mutual Global Investors was not part of this deal, and is now part of Quilter Investors.