M&A
M&A
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Multi-manager shop Virtus Investment Partners has added Rampart Investment Management, which specializes in customized options strategies for institutional and high-net-worth clients, as a wholly owned affiliate of Virtus.
September 5 -
The Hartford today is taking another step towards focusing on its mutual fund business by agreeing to sell its retirement plans business to rival Massachusetts Mutual Life Insurance Company (MassMutual) for a cash ceding commission of $400 million.
September 4 -
JonesTrading Institutional JonesTrading to Acquire Conifer SecuritiesServices said it signed a letter of intent to acquire Conifer Securities from the Conifer Group.
August 15 - Money Management Executive
On August 13, 2012, Somewhere in the world this week, Jeffrey Gundlach is smiling.
August 10 -
The investors who bailed out Knight Capital Group Inc. by purchasing $400 million in convertible securities are gaining control of the biggest trading partner for individuals in the worlds largest stock market.
August 6 -
On August 2, 2012, Sentinel Investmentsf chief executive Christian Thwaites yesterday saw four members of his investment team, including Charles Schwartz, Betsy Pecor, Matthew McGeary, and Matthew Spitznagle, walk away from their posts.
August 2 -
TCW Funds, Inc. is liquidating the TCW Emerging Markets Equities Fund on August 31, according to a Securities and Exchange filing.
July 20 -
On July 19, 2012, Portland, ME-based Foreside Financial Group, LLC, a mutual fund and exchange-trade fund distributor and compliance consultant, is on a buying spree.
July 19 -
OppenheimerFunds has signed an agreement to buy SteelPath Capital Management and SteelPath Fund Advisors, an energy infrastructure investments company focused on the Master Limited Partnership sector.
July 17 -
On June 27, 2012, Federated Investors, Inc. has agreed to buy some $903 million in assets, including about $571 million in money market fund assets from Trustmark Investment Advisors, Inc., Trustmark National Bank and Performance Funds Trust.
June 27 -
On June 25, 2012, Hennessy Advisors, Inc. today revealed that the Board of Trustees of The FBR Funds trust has approved the proposed deal between the two fund firms.
June 25 -
On June 20, 2012, Deutsche Bank concluded its exclusive negotiations with Guggenheim Partners over a potential sale of RREEF, its global alternative asset management business.
June 20 -
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.
June 18 -
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.
June 14 -
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.
June 7 -
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.
June 1 -
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.
May 22 - Money Management Executive
It's been a tumultuous and rather embarrassing four months for Deutsche Bank and Guggenheim Partners.
May 18 -
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
May 11 -