Jupiter Fund Management, a UK fund management group, completed the acquisition of Merian Global Investors, an independent active asset management firm with more than £22bn ($29bn) assets under management, from TA Associates for £419m ($547m). "This is an exciting acquisition that enhances our position as a leading UK asset manager, provides increased scale and diversification into attractive product areas, and creates stronger future growth prospects for the business. It is also consistent with our strategic priorities, adding strong investment talent with a similar culture and investment philosophy," Andrew Formica, Jupiter CEO.