Rumours, rumours

Given the economic environment and the falls in asset prices it has led to, it is hardly a surprise that the market is inundated with rumours about group mergers and acquisitions.

Rumours about the sale of Société Générale Asset Management’s UK arm started flying in the middle of week. Names of interested parties touted by industry sources included Aberdeen Asset Management and Schroders.

However, no-one predicted the GLG Partners, an American hedge fund firm, which