Money manager M&A
News and video about Money manager M&A from Pensions & 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.
BMO filling European gap with F&C
trueBank of Montreal's acquisition of F&C Asset Management will help build a link from its money management subsidiary in North America to the other side of the Atlantic, nearly 150 years after the firms' paths first crossed.
Northern Lights merges with Treasury Group
trueNorthern Lights Capital Group is merging with Australia’s Treasury Group to form a consolidated company that holds stakes in global asset management firms, company officials announced Tuesday.
Legg Mason sees expansion hopes in Martin Currie
trueAlthough Martin Currie Ltd. has been struggling with underperforming strategies and plummeting assets, Legg Mason Inc. executives saw the Edinburgh-based boutique as the ideal firm to help expand Legg Mason's active non-U.S. equity capabilities.
PwC: M&A activity significantly increases in first 6 months
trueThere were nearly 100 majority ownership M&A deals among money managers and wealth managers in the first half of 2014, compared to 37 such deals during the first six months of 2013, based on findings by PricewaterhouseCoopers.
Money manager M&A deals down, but value up in first half — report
trueMoney manager mergers and acquisitions totaled 66 in the first six months of 2014, down 12% from the first half of 2013, said a quarterly Sandler O'Neill + Partners report issued Tuesday.
Cornerstone acquires German real estate manager
trueCornerstone Real Estate Advisers is purchasing German real estate money manager PAMERA Asset Management
Q2 2014 money manager mergers and acquisitions report
trueDriven by two megadeals, money manager mergers and acquisition activity in the second quarter more than doubled from the previous quarter, with total assets in transactions standing at $646.3 billion — up almost 24% from the second quarter of 2013.
Money managers ripe for M&A, Moody's report states
trueImproved valuations, increased risk appetites and renewed strategic ambitions have driven global merger and acquisition activity in the past several months, said a new report from Moody's Investors Service.
Poll results: What will LSE do with Russell's investment management and consulting businesses?
trueAlmost 35% of P&I Online readers believe London Stock Exchange Group PLC will keep Russell Investments' asset management and consulting businesses, according to a poll the week of June 30.
New Russell owners likely to keep only indexing unit
trueRussell Investments' asset management and consulting businesses will most likely be sold by the London Stock Exchange Group PLC, which is purchasing the entire firm for $2.7 billion, sources say.
Freeman: Money manager M&A deals trail first half of 2013
trueMoney manager mergers and acquisitions worldwide decreased 36% to 48 in the first six months of 2014, compared to the same period a year ago, said a Freeman & Co. report issued Tuesday.
Henderson Global expands U.S. footprint with Geneva Capital acquisition
trueHenderson Global Investors agreed to acquire Geneva Capital Management.
FTSE-Russell index combination will rank third in ETF assets
trueThe combination of London Stock Exchange Group (FTSE) and Russell Investments index businesses will rank the firm third among index providers in terms of exchange-traded fund assets under management across all asset classes.
Man Group acquires majority stake in Numeric Holdings
trueMan Group reached a conditional agreement to acquire a majority stake in Boston-based quantitative equity manager Numeric Holdings in a deal that reinforces the hedge fund manager's existing quant business and presence in the U.S.