Scottish Provident International has ditched Hill Samuel Asset Management, owned by Lloyds TSB, as one of the managers to Preference, its multi-manager investment bond product.

Instead, it has added Baring Asset Management for the product.

Pirkko Juntunen

Lloyds TSB

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Scottish Provident sacks Lloyds TSB

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