On June 18, 2012, middle market private equity shop LLR Partners has made an investment in Ultimus Fund Solutions, LLC, a Cincinnati, Ohio-based independent provider of fund accounting, administration, distribution, transfer agent and shareholder services to the mutual fund industry.

On June 14, 2012, Teaneck, NJ-based Cognizant Technology Solutions Corp, a financial services shop, today issued a press release about a new partnership with ING U.S. “to offer a comprehensive array of insurance business process services.”

On June 7, 2012, Novato, CA-based Hennessy Advisors, Inc. signed an agreement with FBR Fund Advisers, Inc. to buy the entire family of 10 FBR Funds.

On June 1, 2012, Thomson Reuters acquired the mutual fund database business of The Globe and Mail, the Toronto-based newspaper and mutual fund information service provider.

On May 22, 2012, Tiburon Strategic Advisors revealed some interesting facts about advisors’ appetite, or lack thereof, for headline grabbing products such as alternatives and exchange-traded funds.

It's been a tumultuous and rather embarrassing four months for Deutsche Bank and Guggenheim Partners.

Deutsche Bank today revealed that its management board, which initiated a strategic review of its global Asset Management division on November 22, 2011, has switched gears

AT-DEADLINE

On May 1, Invesco said it is mergeing another fund into a Van Kampen offering.

On April 27, City National Bank agreed to acquire Rochdale Investment Management, a $4.8 billion New York City-based investment firm.

On April 20, SS&C CEO said he is 'Very confident' now of GlobeOp takeover.

On April 18, Boston-based Affiliated Managers Group, Inc. (NYSE: AMG), has agreed to acquire a majority equity interest in Yacktman Asset Management Co.

On APril 17, 2012, Franklin Templeton Investments Corp. has proposed merging the Wellington West Franklin Templeton Balanced Retirement Income Fund into Quotential Balanced Growth Portfolio.

On April 14, Touchstone finalized its deal with Old Mutual.

On April 16, 2012, Federated Investors, Inc. has completed its purchase of the London-based liquidity and fixed-income product manager Prime Rate Capital Management.

Some firms grow organically, pumping out funds. Then, they hire reps and distributors to market and sell their offerings.

It’s almost a done deal.

It's official: BlackRock, Inc. today says it has completed its acquisition of the Toronto-based Claymore Investments, Inc.

361 Capital, a provider of alternative investment mutual funds, separate accounts, and limited partnerships to institutions, financial intermediaries, and high-net-worth investors, has entered into a strategic partnership with Lighthouse Partners, a fund-of-hedge-funds and managed account investment adviser.

Financial exchange operator TMX Group announced that its friendly offer to buy over 90% of the shares of Sydney-based Razor Risk Technologies Ltd. was accepted.