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Legal & General, like Aberdeen, not interested in SWIP purchase
Legal & General Group ruled out bidding for Lloyds Banking Group's Scottish Widows Investment Partnership as it posted first-quarter cash flow that beat analysts' estimates.
AXA spins off AXA Private Equity
AXA Group will sell its subsidiary AXA Private Equity to a group led by management, employees and external investors.
Investec Asset Management staffers buy 15% stake for $269 million
Investec Asset Management CEO Hendrik du Toit and about 40 senior managers and employees will buy a combined 15% stake in the firm for £180 million.
TCW gets new board as Carlyle takes ownership reins
TCW Group has a new board of directors as part of the closing of a sale Wednesday to Carlyle Group and company employees from French bank Societe Generale.
KKR buys 25% stake in Nephila
KKR made a minority interest investment in Nephila Capital, a money manager that invests in reinsurance risk, including natural catastrophe and weather risk.
Dyal Capital buys stake in multistrategy hedge fund manager Halcyon
Halcyon Asset Management sold a 20% passive minority stake to Dyal Capital Partners.
BNP Paribas Clean Energy Partners to become Glennmont Partners after MBO
BNP Paribas Investment Partners agreed to a management buyout of BNP Paribas Clean Energy Partners, which will be renamed Glennmont Partners.
TCW-Carlyle deal could be stalled by judge over EIG claim
A federal judge in California is expected to decide later this week whether the buyout of TCW Group by its management and private equity manager Carlyle Group can continue.
Old Mutual Asset Management sells 5 affiliates to their management
Old Mutual Asset Management on Thursday announced it agreed to sell five of its affiliate money management firms — including Analytic Investors — to each of their senior management teams.
One equity team signs with TCW
One of TCW Group's four equity teams — the concentrated core strategy team led by Craig Blum — has signed on to stay with the firm, sources said.
Baring Asset Management to buy Korean money manager
Baring Asset Management agreed to acquire SEI Asset Korea, spokeswoman Joanna Pope said. Terms were not disclosed. SEI Asset Korea has about $6.3 billion in assets under management, Ms. Pope said. It primarily manages institutional assets.“Korea is one of Asia's largest asset management markets
PE firms bid to fund a management buyout of TCW
With the help of private equity firms, former MetWest executives are preparing a management buyout of TCW Group from Societe Generale.
ING woos potential suitors for its Asia manager unit
ING Group, seeking to sell its asset management division in Asia, has approached potential buyers including Sumitomo Mitsui Financial Group and Invesco.
Coherence Capital Partners spins out from Jefferson National Financial
Coherence Capital Partners has been formed from a spinout of the asset management unit of insurer Jefferson National Financial.
State Street says no to SSgA spinoff
Trian Fund Management's call on State Street Corp. to mull a spinoff of money management arm State Street Global Advisors has drawn a mixed response from market players, but a negative one from State Street's board of directors.