Money manager M&A
News and video about Money manager M&A from Pensions & Investments
State Street Global Advisors AUM flat in quarter, reports $38 billion in net outflows
trueState Street Global Advisors reported $2.44 trillion in assets under management as of March 31, down 0.2% from Dec. 31 but up 2.6% from March 31, 2014.
GSAM agrees to buy Pacific Global Advisors
trueGoldman Sachs Asset Management agreed to acquire Pacific Global Advisors from Pacific Life Insurance Co.
Hillspire acquires 20% stake in D.E. Shaw Group
trueHillspire, the family office of Eric Schmidt, executive chairman of Google, acquired a 20% passive ownership stake in D.E. Shaw Group, a hedge fund and alternative investment manager.
Pioneer and Santander to merge
truePioneer Investments and Santander Asset Management will merge to create a €353 billion ($381.6 billion) global money manager.
PwC: Improved valuations, market optimism drives M&A deal activity in 2014
trueThe stabilization of valuations, a fragmented asset management market and the attractiveness of minority investment sales influenced merger and acquisition deal activity within the money management industry in 2014, said a report by PricewaterhouseCoopers.
Orix Corp. in talks to buy U.S. money manager
trueOrix Corp., one of Japan's most acquisitive financial firms, is in early talks to purchase a U.S. fund manager as part of efforts to double its assets under management, CEO Makoto Inoue said.
Money manager M&A activity plummets in first quarter
trueMoney manager mergers and acquisitions activity in the first quarter decreased sharply from the previous quarter, with total assets in transactions at $83.9 billion — down more than 80%. Assets in transactions also were down around 73% from the first quarter of 2014.
Blackstone, Corsair in talks to buy stake in First Eagle Investment Management
trueBlackstone Group and Corsair Capital are in advanced talks to purchase a major stake in First Eagle Investment Management.
Highland Capital acquires ICC Capital Management
trueHighland Capital Management LLC acquired the assets of ICC Capital Management.
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.