Money manager M&A
News and video about Money manager M&A from Pensions & Investments
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.
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.