Funds to become more conservative; fixed MERs to be reduced
Vandewiele brings more than 16 years of international experience in the financial, banking and insurance industries
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 […]