Money manager M&A
News and video about Money manager M&A from Pensions & Investments
River and Mercantile, P-Solve to merge
trueRiver and Mercantile Asset Management and P-Solve have agreed to a merger, confirmed a spokesman for P-Solve.
Aberdeen to buy stake in Jakarta-based NISP Asset Management
trueAberdeen Asset Management will purchase an 80% stake in Jakarta-based PT NISP Asset Management.
LGIMA acquires U.S. DC provider
trueLegal & General Group made its first U.S. money management acquisition, buying Global Index Advisors, confirmed Emma Douglas, head of defined contribution solutions at subsidiary Legal & General Investment Management.
Partnerships and acquisitions pay off south of the border for Principal
truePrincipal Financial Group Inc. claimed 18% of its operating profit from money management operations in Latin America in 2013, the result of a series of bold moves in a treacherous market where few other global managers have found success.
WisdomTree buys majority stake in Boost ETP to tap European market
trueWisdomTree Investments will acquire a majority stake in U.K.-based exchange-traded products provider Boost ETP to launch its business into Europe, confirmed a WisdomTree spokesman.
Private equity firms expected at head of the line of Russell bidders
trueNorthwestern Mutual Life Insurance Co. has put Russell Investments, its investment management and consulting business, up for sale.
Nomura Asset Management will buy ING's Taiwan money management business
trueNomura Asset Management Co. is partnering with a group of investors to buy ING Group's Taiwanese money manager business, ING Securities Investment and Trust Co. Ltd., Taiwan, according to a Nomura news release.
Freeman: Money manager M&A numbers down 12% in 2013
trueGlobal money management merger-and-acquisition activity decreased 12% to 120 deals in 2013, according to a Freeman & Co. report issued Monday.
International deals rise in 2013; activity in U.S. falls
trueMergers and acquisitions activity among money managers reversed in 2013, as non-U.S. transaction values rose from 2012, while U.S. money manager activity declined.
Biggest money manager mergers of 2013
trueSee an interactive table and map illustrating the geographic shift in money manager M&A in 2013.
Schroders skipping no details with Cazenove
trueWhen Peter Harrison learned his firm, London-based Schroders PLC, would acquire crosstown equity shop Cazenove Capital, he knew which details were most important for keeping portfolio managers and clients happy: all of them.
Gottex to acquire EIM
trueEIM SA founder Arpad Busson agreed to sell his hedge funds-of-funds firm to Gottex Fund Management Holdings.
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.