LV= Asset Management (LVAM) has partnered with Threadneedle Investments to outsource the management of its assets and transfer the existing external funds. As per the deal, the main funds will remain in the asset management firm’s present structure and stay segregated.
The workforce appointed within LVAM will relocate to Threadneedle Investments. Some employees may also be laid off. LVAM was advised by Fenchurch Advisory Partners on the outsourcing.
Click here for the release from LV= Asset Management.