No qualifying author-owned investment thesis was confirmed in this post.
Sector-level observation with named companies but no individual causal thesis or catalyst per name.
Score1
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Today’s acquisition of Schroders by Nuveen ([https://www.cnbc.com/2026/02/12/nuveen-schroders-asset-management-takeover.html](https://www.cnbc.com/2026/02/12/nuveen-schroders-asset-management-takeover.html)) buds very well for UK-based asset managers, many of which are trading at decades low valuations, despite being highly profitable, and cash rich. Here is the proportion of net cash as a percentage of the marketcap of notable UK-based asset managers:
ICG 49%
Impax 45%
Premier Miton 42%
Ashmore 42%
Aberdeen 42%
Jupitar 41%
Liontrust 33%
Ninety One 26%
Polar Capital 25%
Pollen Street 17%
CLIG 15%
Man Group 14%
Foresight 11%
**Schorder 26% - Just acquired.**
Data from Paul Bryant at the Investors Blog ([https://www.theinvestors.blog/](https://www.theinvestors.blog/))