Atlas Capital Group, a $4.6bn (€4bn) fund of hedge funds business that this year made headlines as the recipient of an investment from UK government minister Tessa Jowell's husband, has been sold in a management buyout.

Three of the group's subsidiaries are being sold: the UK's Atlas Capital, Deltec Bank and Trust of the Bahamas, and Guernsey's Sigma Asset Management. The group's Swiss private client business is being bought separately by its four partners.

Atlas Capital snapped up in management buyout

William Hutchings

Royal Bank of Scotland

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