Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Mizuho Financial takes 16% stake in Matthews International Capital Management
trueMizuho Financial Group is purchasing a minority equity stake in money manager Matthews International Capital Management, a news release from Matthews said.
Genstar, Aquiline to acquire Ascensus
truePrivate equity firms Genstar Capital and Aquiline Capital Partners announced Monday they had entered into a definitive agreement to purchase Ascensus, a defined contribution record keeper and administrator of 529 college savings plans.
LSE's Russell Investments sale to CITIC said near collapsing
trueLondon Stock Exchange Group’s plan to sell Russell Investments to China’s CITIC Securities Co. is faltering and may soon collapse, people with knowledge of the matter said.
Aberdeen to acquire boutique emerging markets funds-of-funds manager
trueAberdeen Asset Management agreed to buy emerging and frontier markets funds-of-funds firm Advance Emerging Capital.
Legal & General acquires National Grid's in-house money manager
trueMore than three-quarters of the assets of the National Grid U.K. Pension Scheme, London, will be managed by Legal & General Investment Management, which is acquiring National Grid's in-house money manager, Aerion Fund Management.
Manulife to buy Standard Chartered's Hong Kong Mandatory Provident Fund business
trueManulife Financial Corp. and Standard Chartered Bank on Thursday announced a 15-year distribution partnership giving Manulife exclusive rights to offer its investment strategies for Hong Kong's Mandatory Provident Fund scheme to Standard Chartered's customers in Hong Kong.
OppenheimerFunds to acquire ETF provider VTL Associates
trueOppenheimerFunds agreed to acquire institutional investment firm VTL Associates.
Another way to outsource: Buy a manager
trueThe trend of outsourcing insurance assets has led some insurers to buy money management firms to not only serve their internal investment needs, but also sell outsourced investment services to other insurance companies, said Sunny Patpatia, president and CEO of Patpatia & Associates, Berkeley, ...
Ramius seeds Caerus Global Investors, takes stake in firm
trueCaerus Global Investors, a long/short equity manager, struck a partnership with Ramius that gives the small firm a $100 million seed investment, boosting its assets to $170 million.
5 firms vying to acquire RS Investments
trueFive firms are vying to buy San Francisco-based money manager RS Investments, and a deal is expected to be reached within two weeks, said a source familiar with sale negotiations.
SS&C to acquire Citigroup's hedge fund and private equity administration business
trueSS&C Technologies Holdings will acquire Citigroup's alternative investor services business for $425 million, subject to certain adjustments, an SS&C spokeswoman said.
GAM to acquire real estate finance unit of Renshaw Bay
trueGAM Group will acquire the real estate finance business of Renshaw Bay, pending regulatory approval.
Arden buy to strengthen Aberdeen hedge fund skill
trueAberdeen Asset Management Inc.'s acquisition of Arden Asset Management will bolster its capabilities in hedge fund portfolio construction, but not necessarily its assets under management - or revenue - in that market niche.
Man Group grows on shift to institutional focus, acquisitions
trueA series of recent acquisitions by Emmanuel “Manny” Roman, CEO of Man Group, and his management team has led to the firm's doubling its assets under management in the past five years, plus a chance to finally plant a flag on U.S. soil.
Legato Capital Management acquires remaining equity stake in management buyout
trueLegato Capital Management has acquired the 35% equity ownership of limited partner Forward Management LLC, said spokesman Scott Ohm.