Firms looking to grow by acquisition will become the dominant driver behind M&A in the global asset management business in the months ahead, predicts new research from Jefferies Putnam Lovell.“With the capital markets recovering and investor fears receding, financial services M&A activity over the next 12 months will be fueled more by buyers seeking to […]
CAAM Canada to continue to build presence among institutional clients
Divestitures represented 51% of the deals announced
Changing asset mix can protect near-retirees from today’s markets: Russell
Five Continents Financial deal demonstrates bank’s commitment to Caribbean region
Firms forced to cut costs
Pure-play asset managers and private equity firms expected to benefit from industry restructuring
Alternative asset manager GLG Partners, Inc. is acquiring Société Générale Asset Management UK, Société Générale’s long-only asset management business in the UK, for cash.Under the terms of the deal, GLG will acquire SGAM UK’s operations, which had approximately US$8.2 billion of assets under management as of November 30, and its investment and support staff, based […]
20% of firms expected to report negative margins in 2008
Proposal establishes a more detailed risk management process that identifies, monitors, and analyzes the risk position and exposure of a manager