Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Goldman Sachs Asset Management acquires mutual fund
Goldman Sachs Asset Management will acquire the $161 million Rising Dividend Growth Fund, a five-star Morningstar-rated mutual fund managed by Dividend Growth Advisors.
Societe Generale denies it's considering selling TCW
Societe Generale denied a report that the bank was considering the sale of U.S. money manager unit TCW Group.
Private equity consultant StepStone adds funds-of-funds firm Parish Capital
StepStone Group, a private equity consulting firm, will acquire Parish Capital Advisors, a private equity firm with $2 billion in assets under management.
Sources: Deutsche Bank may sell off asset management units
Deutsche Bank might look to sell off one or more of its three main asset management business lines put under strategic review, said sources speaking anonymously.
Deutsche Bank mulls ‘all strategic options' for asset management unit
Deutsche Bank has begun a strategic review of its global asset management business, the company announced Tuesday.
Carlyle acquires Churchill Financial
Carlyle Group acquired debt capital provider Churchill Financial LLC from Olympus Partners, expanding its lending capabilities in the middle market.
State Street says no to SSgA spinoff
Trian Fund Management's call on State Street Corp. to mull a spinoff of money management arm State Street Global Advisors has drawn a mixed response from market players, but a negative one from State Street's board of directors.
Evercore Partners takes stake in ABS Investment Management
Evercore Partners agreed to acquire a 45% non-controlling stake in ABS Investment Management for $45 million.
Nuveen to buy 60% of commodities manager Gresham
Nuveen Investments intends to acquire a 60% stake in commodities specialist manager Gresham Investment Management, it was announced Monday.
Dexia AM sale won't be a slam-dunk
Dexia Asset Management will be a hard sell, with likely suitors being other banks and insurers with existing money management units able to integrate a business that has been largely dependent on captive assets from a troubled parent company.
Diversity bears fruit
Jonathan Thomas, American Century's CEO, discusses the benefits of shifting from growth equity mutual funds to a wider range of investment offerings.
LaSalle adds JER Partners' European funds
Updated Oct. 13, 2011 LaSalle Investment Management is taking over management of the European real estate investment funds of JER Partners, confirmed Stefanie Murphy, LaSalle’s global corporate communications director. Terms were not disclosed. LaSalle will be assuming responsibilities for 13
KKR weighs making bid for AXA Private Equity
KKR & Co. is among firms weighing a bid for AXA Private Equity, three people with knowledge of the talks said. First-round bids are due next month, said the people, who declined to be identified because the plans are private. Parent AXA SA said in a statement Wednesday it is reviewing its stake in
AXA hires Credit Suisse for buyout fund unit sale
AXA SA hired Credit Suisse Group to explore a sale of its private equity fund manager, as it seeks to focus on insurance, according to a person with knowledge of the discussions. The unit, AXA Private Equity, may be valued at about €500 million ($672 million), said the person, who declined to be
Guggenheim Partners acquires ETF manager Rydex/SGI
Updated with correction, Sept. 22, 2011 Guggenheim Partners acquired Rydex/SGI and will combine the exchange-traded fund manager and its existing asset management businesses into a single unit, Guggenheim Investments, confirmed Jeaneen Pisarra, a Guggenheim Investments spokeswoman. In 2009,