Phoenix set for acquisitions spree

Phoenix Group, the closed life funds bid vehicle backed by Hugh Osmond, could start an acquisitions drive as soon as next year after securing a £1 billion main London listing next month. Jonathan Moss, chief executive, told The Times yesterday that Phoenix would target life funds that had been shut and put into run-off, predominantly in Britain. Acquisitions were “definitely a 2011 event” for Phoenix, he said.

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