Mergers & Acquisitions Section

News

Federated Acquires Assets of Prudent Bear & Global Income Funds

David Tice to Join Firm as Chief Portfolio Strategist

Ameriprise Acquires J&W Seligman for $440M

Strengthens Ameriprise’s Mutual Fund Sales Outlets

As Mutual Fund Industry Flourished, Templeton Seemingly Vanished

Fund Created With Utmost Fiduciary Duties in Mind Became a Mere Commodity Following Sale to Franklin Group

ING Group Acquires CitiStreet

CitiStreet’s President to Remain With ING’s Wealth Division

Cool, Calm, and Reflective: How Flanagan Saved Invesco From Itself

International Focus, Direct Reporting to CEO, Acquistions Driving Growth

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Articles

Wachovia Phasing Out A.G. Edwards Brand

Wachovia Corp. plans to phase out the 121-year-old A.G. Edwards name, sacrificing a strong brand for a stronger one. 'At the end of the day, the deciding factor was the huge brand equity and awareness surrounding the name Wachovia,' said David Monday, executive director of marketing, innovation and growth at Wachovia Securities LLC. 'It's just a more well-known name.'

American Airlines' Beacon Funds Take Flight

On the heels of its $328 million loss in the first quarter, down from a $81 million profit in the first quarter of 2008, American Airlines' parent company, AMR Corp., Fort Worth, Tex., announced on Wednesday it is unloading 90% of its American Beacon Advisors investment management unit for $480 million in cash. That 90% interest is being picked up by Lighthouse Holdings, an affiliate of two private equity firms: Pharos Capital Group of Dallas and TPG Capital of Forth Worth. The sale is expected to close this summer, pending the approval of American Beacon's shareholders and clients.

Week in Review

Insured Bond Funds Quietly Outperform DALLAS-As the subprime mortgage crisis unfolded in the latter part of 2007 and took its toll on the municipal market- specifically the bond insurance industry-one sector of tax-exempt mutual funds was quietly outperforming all other categories.

Asset Managers Predict Trends for 2008: In Search For Alpha, Funds Will Look to Capture Retirement Plans

By now, most asset management executives have seen the predictions that large-cap growth will be the way to go in 2008. But digging deeper than mere asset class predictions, MME spoke with two industry leaders to tease out nuances of what fund managers can expect this year. Peter Delano, co-author of the Tower Group's '2008 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Investment Management,' said one new challenge for the fund management industry will be dealing with the effects of the subprime debacle and the resulting credit crunch.

New ETFs May Harbor Surprise Capital Gains

The rapid growth in the exchange-traded fund arena is increasing the complexity of capital gains taxes, writes the Wall Street Journal. Last year, 18% of the ETFs tracked by Morningstar Inc. passed along capital gains to investors, or 95 ETFs in total. In 2006, that number was 6% and in 2005 it was 3%.

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