Specialist fund management group, Liontrust, has agreed to acquire GAM Holding AG.

The proposed acquisition, before transaction and re-organisation costs, is expected to be "significantly earn-ings enhancing" with regards to adjusted diluted earnings per share for the financial year ending 31 March 2025 (being the first full year post-completion) and in future years. The consideration will be satisfied by the issue of 9.4 million new ordinary shares in Liontrust, and it is expected that GAM shareholders will own ap-proximately 12.6 per cent of the combined group on completion. The deal is expected to complete in the Q4 2023.

Abrdn has announced the launch of its Multi-Sector Credit Fund OEIC III.

The fund is designed for institutional clients, primarily defined benefit (DB) and defined contribution (DC) pension schemes and can invest across a wide spectrum of fixed income asset classes. It aims to address the demand from DB and DC pension schemes for liquid multi-sector credit solutions, diversifying away from traditional sterling assets. Looking to target the ground between traditional sterling buy-and-maintain and higher risk multi-sector credit products, the fund aims to target a spread pick-up of at least 100bps over ster-ling IG bonds.

The Broadstone Academy has returned for 2023.

The academy mirrors The Pensions Regulator's (TPR) toolkit, with interactive presentations covering areas from pension scams and the legal framework to investment strategies and funding. The daily sessions aim to equip people with the core knowledge required to act as a trustee or deal with pensions for their employer. Additional sessions are expected to be held later in the year covering topics such as environmental, social and governance (ESG), single-code and dashboards.

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