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(Alliance News) - Jupiter Fund Management PLC on Thursday said it will acquire CCLA Investment Management Ltd for GBP100 million. The London-based investment manager called it "a significant step ...

By Elena Vardon Jupiter Fund Management is buying CCLA Investment Management for 100 million pounds ($135.9 million) as it seeks to increase its scale within its home market of the U.K.

Jupiter has agreed to buy CCLA, one of the biggest managers of money for UK charities, in a £100mn deal as the group seeks to grow its assets after a period of poor performance and client defections.