Ashburton Investments Buys Atlantic Asset Management

December 8, 2015

Purchase price for Cape Town-based fixed income asset manager not disclosed, Ashburton Investments says in e-mailed statement.

* Subject to regulatory approval, Atlantic funds will be rebranded to Ashburton Investments;
* Acquisition effective Jan. 1;
* NOTE: Ashburton Investments is asset managment business of FirstRand Group. Source: Bloomberg