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Jupiter snaps up rival Merian for US$482m

Jupiter Fund Management has agreed to purchase fellow UK-based fund house Merian Global Investors for £370 million (US$482 million), in what is the latest act of consolidation in the global asset management industry, amid growing cost pressures and stunted — or negative — flows into active strategies. The deal, which is due for completion on 1 July following requisite regulatory…

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