Momentum Global Investment Management (MGIM) has agreed to acquire Seneca, creating an asset manager with £4.7bn in assets under management.

Seneca Investment Managers (Seneca IM) has reported that net flows into its multi-asset value strategies has exceeded £100m at end of the third quarter 2019.  

Advisers favour performance over brand recognition when it comes to choosing a multi-asset fund provider, according to new research.