Money manager M&A
News and video about Money manager M&A from Pensions & Investments
After big TIAA-CREF-Nuveen deal, boom predicted in manager mergers
trueIn the wake of TIAA-CREF's purchase of Nuveen Investments Inc., industry watchers say there is more to come.
TIAA-CREF buys Nuveen Investments for $6.25 billion
trueTIAA-CREF is acquiring Nuveen Investments from an investor group led by private equity investment firm Madison Dearborn Partners for $6.25 billion, which includes Nuveen's outstanding debt.
Q1 2014 money manager M&A activity summary
trueMoney manager mergers and acquisition activity in the first quarter was flat from the previous quarter — with total assets in transactions standing at $305.5 billion — but down more than 55% from the first quarter of 2013.
Manning & Napier acquiring managed futures specialist 2100 Xenon Group
trueManning & Napier will acquire hedge fund manager 2100 Xenon Group to expand its alternative investment capabilities.
Ingenious, Thurleigh money management arms to merge
trueIngenious Asset Management and Thurleigh Investment Managers have agreed to merge, said spokeswomen for the firms.
Putnam/Great-West union gets high marks
trueCombining the defined contribution businesses of Putnam Investments and Great-West Financial - both owned by Great-West Lifeco Inc., Winnipeg, Manitoba - is a smart strategic decision that recognizes record keepers need greater scale to thrive, DC consultants and other industry participants say.
AMG acquires majority stake in River Road, minority share in EIG
trueAffiliated Managers Group announced two acquisitions Friday, taking a majority stake in U.S. equity manager River Road Asset Management from Aviva Investors North America and a minority equity stake in EIG Global Energy Partners from EIG management.
Standard Life looking to acquire Ignis Asset Management from Phoenix
trueStandard Life PLC is in talks with Phoenix Group Holdings to acquire money manager Ignis Asset Management, according to London Stock Exchange announcements from Standard Life and Phoenix.
Batterymarch's demise marks the end of an era
trueLegg Mason Inc.'s acquisition of QS Investors LLC spells the end of Batterymarch Financial Management Inc., the 45-year-old Boston-based quantitative equity manager that many saw as a pioneer in its field.
Parent playing hard to get with Russell suitors
trueRussell Investments' parent, Northwestern Mutual Life Insurance Co., has rejected more than 100 potential bidders for Russell, the Seattle based money manager and consultant, sources say.
River and Mercantile, P-Solve to merge
trueRiver and Mercantile Asset Management and P-Solve have agreed to a merger, confirmed a spokesman for P-Solve.
Aberdeen to buy stake in Jakarta-based NISP Asset Management
trueAberdeen Asset Management will purchase an 80% stake in Jakarta-based PT NISP Asset Management.
LGIMA acquires U.S. DC provider
trueLegal & General Group made its first U.S. money management acquisition, buying Global Index Advisors, confirmed Emma Douglas, head of defined contribution solutions at subsidiary Legal & General Investment Management.
Partnerships and acquisitions pay off south of the border for Principal
truePrincipal Financial Group Inc. claimed 18% of its operating profit from money management operations in Latin America in 2013, the result of a series of bold moves in a treacherous market where few other global managers have found success.
WisdomTree buys majority stake in Boost ETP to tap European market
trueWisdomTree Investments will acquire a majority stake in U.K.-based exchange-traded products provider Boost ETP to launch its business into Europe, confirmed a WisdomTree spokesman.