Ivory and Sime

The company was founded by two accountants, James Ivory and Thomas Watson Sime, in 1895. It took over the management of British Assets Trust when it was established in 1898.{{cite web|url=https://archiveshub.jisc.ac.uk/search/archives/75f426b2-3b82-32eb-8ebb-cd3f390f7518|title=Records of British Assets Trust Ltd, investment trust, Edinburgh, Scotland|publisher=Archives Hub|access-date=27 September 2022}} Other major investment trusts established by the company included Personal Assets Trust which was formed in 1983.{{cite web|url=https://www.patplc.co.uk/wp-content/uploads/sites/2/2022/12/1941-PAT-Quarterlies-Anthology-Book.pdf|page=153|title=A Share Journey: Extracts from Personal Assets Trust quarterly reports 1994 to 2021|first=Robin|last=Angus|access-date=18 February 2023}}

The company struggled to maintain its clients in the 1990s's and, in particular, lost the contract to manage the Merchant Navy Pension Fund in 1994 and the contract to manage the BAA Pension Fund in 1997. After senior staff started leaving, it was announced, in November 1997, that the business would be merged with the asset management arm of Friends Provident, the mutual life assurer, in a deal worth £132 million, thereby creating Friends Ivory & Sime.{{Cite news|url=https://www.independent.co.uk/news/business/friends-provident-merges-fund-management-arm-with-ivory--sime-in-pounds-132m-reverse-takeover-1292842.html|work=The Independent|first= Andrew|last= Verity|title=Friends Provident merges fund management arm with Ivory & Sime in pounds 132m reverse takeover |date=8 November 1997|access-date=18 February 2023}} Following the transaction, Friends Provident owned 67% of the combined entity.{{cite news|url=https://citywire.com/new-model-adviser/news/friends-ivory-and-sime-beefs-up-us-team/a236854|title=Friends Ivory & Sime beefs up US team|date=15 April 2002|newspaper=CityWire|access-date=18 February 2023}}

In 2002, Friends Ivory & Sime merged with Royal & Sun Alliance Investments and was rebranded as Isis Asset Management{{cite news|url=https://www.theguardian.com/business/2003/jan/12/aberdeenassetmanagementbusiness.observerbusiness|title=Bids for Aberdeen property arm|newspaper=The Guardian|date=12 January 2003|access-date=18 February 2023}} and, in 2004, the expanded business merged with F&C Asset Management and adopted the F&C brand.{{cite news|url=https://citywire.com/funds-insider/news/isis-and-fandc-join-forces-in-378-million-deal/a258675|title=Isis and F&C join forces in £378 million deal|date=2 July 2004|newspaper=City Wire| access-date=18 February 2023}}

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Category:Investment management companies of the United Kingdom

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