London-based Premier Asset Management said it plans to grow its assets under management to £1 billion ($1.7 billion) after acquiring BFS Inv...

London-based Premier Asset Management said it plans to grow its assets under management to £1 billion ($1.7 billion) after acquiring BFS Investments PLC from BFS Investment Group. Premier paid £221,400 and allotted more than a million company shares for the acquisition. As at the end of August, BFS had £248 million under management in five investment trusts and £82 million under management in its private client business. Premier has around £600 million under management.