Money manager M&A
News and video about Money manager M&A from Pensions & Investments
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Goldman Sachs Asset Management acquires mutual fund
Goldman Sachs Asset Management will acquire the $161 million Rising Dividend Growth Fund, a five-star Morningstar-rated mutual fund managed by Dividend Growth Advisors.
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Societe Generale denies it's considering selling TCW
Societe Generale denied a report that the bank was considering the sale of U.S. money manager unit TCW Group.
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Private equity consultant StepStone adds funds-of-funds firm Parish Capital
StepStone Group, a private equity consulting firm, will acquire Parish Capital Advisors, a private equity firm with $2 billion in assets under management.
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Sources: Deutsche Bank may sell off asset management units
Deutsche Bank might look to sell off one or more of its three main asset management business lines put under strategic review, said sources speaking anonymously.
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Deutsche Bank mulls ‘all strategic options' for asset management unit
Deutsche Bank has begun a strategic review of its global asset management business, the company announced Tuesday.
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Carlyle acquires Churchill Financial
Carlyle Group acquired debt capital provider Churchill Financial LLC from Olympus Partners, expanding its lending capabilities in the middle market.
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State Street says no to SSgA spinoffTrian 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.
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Evercore Partners takes stake in ABS Investment Management
Evercore Partners agreed to acquire a 45% non-controlling stake in ABS Investment Management for $45 million.
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Nuveen to buy 60% of commodities manager Gresham
Nuveen Investments intends to acquire a 60% stake in commodities specialist manager Gresham Investment Management, it was announced Monday.
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Dexia AM sale won't be a slam-dunkDexia Asset Management will be a hard sell, with likely suitors being other banks and insurers with existing money management units able to integrate a business that has been largely dependent on captive assets from a troubled parent company.