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Palmer rebuffs offers in favour of restructure

7 January 2017 – by David Hatcher

Palmer Capital has undertaken a restructure in order to focus purely on the UK and incentivise management, having rebuffed two unsolicited offers to buy the business.

Price and Palmer

In doing so, the fund manager’s founder and chairman, Ray Palmer, has begun a process of reducing his stake by selling to management. The business has sold both its Hong Kong and continental European businesses back to the local managers.

The changes have been made primarily to ensure the £1bn assets under management business is not tarnished through unruly expansion, and to tackle succession planning and the burden of regulation.

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