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Mergers & Acquisitions

News

Blackstone to Shut Mutual Fund After Fidelity Pulls Out

Blackstone will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicle’s main backer, Fidelity.

Fidelity Suspends MetLife Annuity Sales as Insurer Mulls Breakup

Fidelity suspended sales of MetLife's annuities as the life insurer weighs a possible sale, spinoff or public offering of a retail unit that provides the retirement products.

Legg Mason Adds Alternatives With Clarion, EnTrust Deals

Legg Mason broadened its alternative investments capabilities and also made a deal to expand its ETF business.

Invesco Latest Asset Manager to Claim a Robo

Invesco acquired Jemstep, a robo solution for advisors, for an undisclosed sum. It's the latest in a line of digital advice moves from asset management giants, which began in earnest last year.

Digital 401(k) Platform Enjoys Industry Support

Chicago-based NextCapital announced a $16 million funding deal in mid-December that includes support from Manulife and AllianceBernstein. It had already found investors in 2014 from Russell Investments and Transamerica Ventures Fund.

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Articles

Executive Briefing

Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management (DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013

Private Equity Boosts Mutual Fund M and As

Asset management mergers and acquisitions are on the rise and all signs are pointing to another healthy year for deal activity.

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