Downing Corporate Finance has acquired a smaller companies fund from asset manager, Acuity Capital, Money Marketing reports. The U.K. corporate financial firm took on the investment management of the CF Acuity real active management fund, renamed the Downing active management fund. The fund will invest in companies with a £150 million market cap and hold around 20-25 stocks. The vehicle will be run by Downing investment director Judith MacKenzie, who managed the fund at Acuity before leaving the firm in July 2009.
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