Threadneedle Investments agreed to acquire the U.K. defined contribution business of Invesco Perpetual, which has £470 million ($921 million) in assets under management, according to a news release. Threadneedle launched its DC business in 2001 and will now manage assets of around £1.3 billion for 100 pension funds as a result of the acquisition. Threadneedle spokeswoman Jane Reynolds could not be reached by press time for further details.
Threadneedle buys Invesco Perpetual DC unit
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