The deal is expected to close during the first half of 2021
The asset manager is offering US$5.9 billion to acquire the remaining stake in the real estate firm
The moves follow a strategic review of the company's private wealth operations in the U.S.
The acquisition adds more than $5.5 billion to the firm's assets under advisement
Big pharma deal pushes activity to second straight trillion-dollar quarter
Investment banks weathered 2020 better than most
Deal activity is up but the recovery remains selective, says investment bank
M&A activity hit US$1.9 trillion in the second half — and there's still a month to go
Greenchip is an environmental investment manager focused on energy transition
Data collection has become pivotal on Wall Street as algorithms and high-speed trading overtake traditional stock picking