Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Aegon Asset Management, La Banque Postale to form partnership
trueAegon Asset Management and La Banque Postale Asset Management entered into discussions to form a strategic money management partnership that will see Aegon take a 25% minority stake in LBPAM.
J.P. Morgan Asset Management acquires Aviva's Asia-Pacific real estate business
trueJ.P. Morgan Asset Management acquired Aviva Investors' Asia-Pacific real estate business and is taking on the entire 16-person team from Aviva and $1.2 billion of diversified assets in Australia, New Zealand, Japan and Singapore.
New York Life Investment Management acquires alternative ETF provider IndexIQ
trueNew York Life Investment Management agreed to purchase IndexIQ, a developer of liquid alternative exchange-traded funds, an IndexIQ spokesman said.
Blackstone acquires residential real estate business from GE Japan Corp.
trueBlackstone Group is acquiring GE Japan Corp’s residential real estate business for more than ¥190 billion ($1.6 billion), said Peter Rose, Blackstone spokesman, in an e-mail.
Securian acquires majority interest in Asset Allocation & Management Co.
trueSecurian Financial Group agreed to purchase a majority interest in Asset Allocation & Management Co. from a private equity fund managed by Stone Point Capital and related investors.
Rockefeller Group taking majority stake in TA Realty
trueReal estate firm The Rockefeller Group is acquiring a majority interest in real estate money manager TA Realty.
M&A activity slides for quarter; number of deals, assets down
trueMoney manager merger and acquisition activity in the third quarter declined sharply, with assets in transactions totaling $135.8 billion, down about 77% from the second quarter and down about 36% from a year ago.
Amundi acquires asset management arm of Austrian bank Bawag PSK
trueAmundi has acquired Bawag PSK Invest, the asset management subsidiary of Austrian bank Bawag PSK, said Amundi spokeswoman Natacha Sharp.
Janus to buy ETF provider VelocityShares
trueJanus Capital Group has agreed to acquire VS Holdings Inc., the parent company of VelocityShares LLC, said Janus spokesman Peter MacKellar.
NAB Asset Management acquires majority stake in Orchard Street
trueNational Australia Bank Asset Management has acquired a majority stake in U.K. commercial real estate manager Orchard Street Investment Management, said a spokeswoman for Orchard Street.
BNY Mellon to acquire Cutwater Asset Management
trueBank of New York Mellon has agreed to acquire Cutwater Asset Management from MBIA, BNY Mellon spokesman Mike Dunn said.
Neuberger Berman acquires Orchard Square hedge fund
trueNeuberger Berman has agreed to acquire Orchard Square Partners, a global long-short credit hedge fund with about $475 million in assets.
UniCredit to begin talks with Banco Santander on Pioneer merger
trueUniCredit will start exclusive talks with Banco Santander to combine its Pioneer Global Asset Management with the Spanish lender’s fund business.
Alpha Strategic takes minority investment in Premium Point
trueAlpha Strategic has made a minority revenue share investment in U.S. alternative money management firm Premium Point Investments.
Merged firm expects big payoff in 5 years
trueThe company being created from the merger of Treasury Group Ltd. and Northern Lights Capital Group LLC will double its AUM within five years, its CEO predicts.