MFS Investment Management, which had been on the market until last October, is no longer looking for a buyer, the firm’s chairman, Robert Pozen, tells Bloomberg.
“We think there would not be a benefit to selling the company because we operate as a relatively standalone operation [from parent company Sun Life Financial] and do very well,” Pozen said.
Of particular note, Pozen said, since a new management team was put in place three years ago, MFS’s assets have increased 50% to $200 billion. The firm’s profits also increased 38% in the first quarter to $61 billion.
“We’re feeling pretty good about it,” Pozen said.