Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Carlyle will pay up to $103 million to acquire DGAM
trueThe Carlyle Group will acquire hedge funds-of-funds manager Diversified Global Asset Management in a deal expected to close in February.
Franklin Templeton Investments starts 1st hedge fund mutual fund; K2 to manage it
trueFranklin Templeton Investments launched its first hedge fund mutual fund on Monday.
Aberdeen Asset Management to buy SWIP from Lloyds
trueAberdeen Asset Management will acquire Scottish Widows Investment Partnership Group and its related private equity and infrastructure fund management businesses from Lloyds Banking Group under a long-term agreement.
P&I Research Center launches M&A database
trueThe P&I Research Center now includes a merger and acquisition database. The information is compiled from P&I's editorial coverage of M&A activity. The database is tailored for the money management industry capturing key statistics such as assets under management, asset class and personnel changes ...
Q3 2013 money manager mergers and acquisitions report
trueMoney manager mergers and acquisition activity in the third quarter increased from the previous quarter, with total assets in transactions rising to $230 billion — up more 70% from the prior quarter but down more than 35% from the third quarter of 2012.
StepStone acquiring U.K. private equity secondaries firm
trueAlternative investment consulting firm StepStone Group is buying Greenpark Capital, a London-based private equity firm that invests on the secondary market, according to sources with knowledge of the deal.
Carlyle Group to purchase Metropolitan Real Estate
trueThe Carlyle Group will acquire Metropolitan Real Estate Equity Management, a global real estate fund-of-funds manager.
New York Life Investments in talks to buy Dexia Asset Management
trueNew York Life Investments has entered into exclusive negotiations to buy Dexia Asset Management from parent company Dexia SA.
AllianceBernstein to buy equity shop W.P. Stewart
trueAllianceBernstein has entered into an agreement to acquire W.P. Stewart & Co., according to Jonathan Freedman, a spokesman for AllianceBernstein. Upon completion of the acquisition, W.P. Stewart's investment strategies will be added to AllianceBernstein's equity offerings.
Smaller banks look to acquire managers
trueLarge banks might have shed their money management businesses to raise capital after the financial crisis, but some of their smaller brethren are back in the market for such units.
Money manager M&A expected to remain robust
trueBright days are ahead for money manager mergers and acquisitions, with small and midsize boutique acquisitions expected to dominate the landscape through the end of 2013, say consultants and investment bankers.
Money manager M&A deals up 10% in first half of year
trueMoney manager mergers and acquisitions in the first half of 2013 totaled 73, up 10% from the first six months of 2012, with a total disclosed deal value of $8.4 billion, according to a quarterly Sandler O'Neill + Partners report issued Thursday.
Macquarie to acquire ING Investment Management Korea
trueMacquarie Group will acquire ING Investment Management Korea, ING's South Korean money management business, according to news releases on Macquarie's and ING's websites.
Dyal Capital Partners takes minority stake in Waterfall Asset Management
trueDyal Capital Partners acquired a minority stake in credit hedge fund manager Waterfall Asset Management.
Money manager M&A assets drop 80% in second quarter
trueMoney manager merger and acquisition activity in the second quarter of 2013 fell significantly from the previous quarter, with assets involved in transactions totaling $98.8 billion — down more than 80% from the first-quarter total. However, the number still represents a more than 15% increase from ...