Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Cordea Savills to acquire SEB Asset Management
trueCordea Savills, a London-based real estate investment manager, will acquire Frankfurt-based SEB Asset Management for up to €21.5 million ($23.3 million), pending regulatory approvals.
Brevan Howard buys minority stake in Penso Advisors
trueBrevan Howard Capital Management acquired a 25% stake in New York money manager Penso Advisors.
Man Group to expand equities business with NewSmith acquisition
trueMan Group will acquire NewSmith's investment management unit, adding $1.2 billion of assets to the alternative money manager's business, and adding to its existing equities business under Man GLG.
Natixis Global to acquire DNCA Finance
trueNatixis Global Asset Management has entered into exclusive negotiations with TA Associates, Banca Leonardo and the managers of DNCA Finance to acquire their equity interests in Paris-based investment management firm DNCA.
PGGM considering sale of hedge fund platform
trueDutch fiduciary manager PGGM is considering the sale of its internal managed account platform following a decision by its main client to drop its hedge fund investments, said Ruulke Bagijn, chief investment officer of private markets at PGGM.
Salient Partners to acquire Forward Management
trueSalient Partners announced Wednesday that it will acquire Forward Management, creating a company with combined assets of $27.6 billion.
La Francaise takes stake in Fred Alger Management U.K. subsidiary
trueParis-based money manager La Francaise took a 49.9% interest in Alger Management Ltd., the London-based subsidiary of Fred Alger Management.
Greenhill & Co. buying Cogent Partners
trueGreenhill & Co. agreed to acquire Cogent Partners.
Sun Life to acquire Ryan Labs Asset Management
trueSun Life Financial, parent company of Sun Life Investment Management, agreed to acquire Ryan Labs Asset Management.
Largest investment management transactions of 2014
trueSee information about the 10 largest money manager mergers along with aggregate data.
Money manager M&A transaction value skyrockets in 2014
trueMoney manager merger and acquisition transaction value in the U.S. tripled to $16.9 billion in 2014 from the previous year.
Freeman: Money manager M&A deal activity down in 2014, but more AUM in play
trueThe number of announced money manager acquisitions globally was down 18% in 2014 from the previous year, with 99 deals taking place, said a report from investment banking firm Freeman & Co.
DST Systems acquires money management consultant kasina
trueNew York-based money management consulting firm kasina LLC has been acquired by software development company DST Systems.
Q4 2014 money manager mergers and acquisitions report
trueMoney manager merger and acquisition activity in the fourth quarter increased sharply from the previous quarter, with total assets in transactions standing at $409.5 billion — up more than 150% from the third quarter. Transactions were up around 34% from the fourth quarter of 2013.
Nasdaq acquires manager, index provider Dorsey Wright & Associates
trueNasdaq OMX Group will acquire money manager and index provider Dorsey Wright & Associates for $225 million in debt and cash.