Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Another way to outsource: Buy a manager
trueThe trend of outsourcing insurance assets has led some insurers to buy money management firms to not only serve their internal investment needs, but also sell outsourced investment services to other insurance companies, said Sunny Patpatia, president and CEO of Patpatia & Associates, Berkeley, ...
Ramius seeds Caerus Global Investors, takes stake in firm
trueCaerus Global Investors, a long/short equity manager, struck a partnership with Ramius that gives the small firm a $100 million seed investment, boosting its assets to $170 million.
5 firms vying to acquire RS Investments
trueFive firms are vying to buy San Francisco-based money manager RS Investments, and a deal is expected to be reached within two weeks, said a source familiar with sale negotiations.
SS&C to acquire Citigroup's hedge fund and private equity administration business
trueSS&C Technologies Holdings will acquire Citigroup's alternative investor services business for $425 million, subject to certain adjustments, an SS&C spokeswoman said.
GAM to acquire real estate finance unit of Renshaw Bay
trueGAM Group will acquire the real estate finance business of Renshaw Bay, pending regulatory approval.
Arden buy to strengthen Aberdeen hedge fund skill
trueAberdeen Asset Management Inc.'s acquisition of Arden Asset Management will bolster its capabilities in hedge fund portfolio construction, but not necessarily its assets under management - or revenue - in that market niche.
Man Group grows on shift to institutional focus, acquisitions
trueA series of recent acquisitions by Emmanuel “Manny” Roman, CEO of Man Group, and his management team has led to the firm's doubling its assets under management in the past five years, plus a chance to finally plant a flag on U.S. soil.
Legato Capital Management acquires remaining equity stake in management buyout
trueLegato Capital Management has acquired the 35% equity ownership of limited partner Forward Management LLC, said spokesman Scott Ohm.
Prudential to buy Deutsche Bank's India asset management business
truePrudential Investment Management has agreed to acquire Deutsche Bank’s India asset management business through its Mumbai-based affiliate.
Apollo Global makes retail push, acquiring two firms
trueApollo Global Management is moving into retail in a big way, acquiring a majority interest in AR Global Investments, which will in turn own a majority of the assets of retail real estate asset management firm AR Capital, said Charles Zehren, Apollo spokesman, in an e-mail.
CAPTRUST Financial Advisors acquires MFP Strategies
trueCAPTRUST Financial Advisors has acquired MFP Strategies to expand its work in wealth management and in investment and retirement plan advisory services, said John Curry, senior director of marketing at CAPTRUST.
Aberdeen Asset Management to acquire Arden
trueAberdeen Asset Management said Tuesday that it has entered into a deal to acquire hedge funds-of-funds manager Arden Asset Management, expanding its alternatives platform and its footprint in the U.S.
AIG buys bond manager First Principles Capital Management, appoints CIO
trueAmerican International Group has acquired money manager First Principles Capital Management.
Ares acquiring Kayne Anderson
trueAres Management is buying energy manager Kayne Anderson Capital Advisors in a $2.55 billion deal paid for with Ares operating group units.
Private equity firms to take majority stake in First Eagle Investment Management
trueThe Blackstone Group and Corsair Capital have made a majority long-term investment in First Eagle Investment Management.