UK-based private client asset manager Rensburg has more than doubled its funds under management to £10.3 billion ($18.7 billion), according ...

UK-based private client asset manager Rensburg has more than doubled its funds under management to £10.3 billion ($18.7 billion), according to a report in the Financial Times. Most of this rise was as a result of a reverse takeover of Carr Sheppards Crosthwaite, Investec's London-based private client stockbroker, earlier this year. The report said the merger makes the new group, Rensburg Sheppards, the UK's seventh biggest private client fund manager, ahead of Lloyds TSB and Goldman Sachs in terms of private client funds under management.