Germany-based fund manager joins £15.6bn business. : German real estate business Blue Asset Management is being acquired by global investment manager Schroders. The Munich-based company, which has €1.2bn assets under management, will join Schroders’ £15.6bn (€17.7bn) real estate arm. Blue founders Artus Pourroy, Thomas Wiegelmann and Tino Lurtsch and the company’s 17 employees will join Schroders. Schroders said the acquisition would consolidate its presence in the German, Swiss and Austrian real estate markets where it already has €4bn in assets under management and a team of over 40 people.