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Mergers & Acquisitions

News

Nasdaq Challenges NYSE Dominance in ETNs

Nasdaq OMX is making a push to grab more ETN listings, challenging long- time market leader NYSE Arca for what can be lucrative listing and trading fees.

Industry Highlights and Trends

This past week, the industry saw Pimco suffer more redemptions despite the climbing performance of its Total Return Fund, a BlackRock bond ETF receiving a record $2 billion deposit, Virtus Investment Partners announced an agreement to acquire a majority interest in ETF Issuer Solutions, and a report from Cerulli Associates noting that socially responsible investing has become a frequent request of asset managers from institutional clients.

Salient Said to Buy Forward to Expand Alt Mutual Funds

Salient Partners, a $21.5 billion investment firm, plans to buy Forward Management to expand its liquid alternatives business, a fast-growing product that offers hedge fund-like strategies to individual investors.

Industry Highlights and Trends

The industry saw Bill Gross attracting $769 million to Janus, the global ETP market breaking an asset record, a prediction on how much of 401(k) contributions that target-date funds will capture by the end of the decade and a J.P. Morgan executive joining Wilton, Conn.,-based Commonfund as CEO.

Leading John Hancock to New Ground

John Hancock Investments president and CEO Andrew Arnott discusses the strategic decisions the firm made as it reengineered itself following its 2004 acquisition by Canadian insurer Manulife Financial, the challenges facing asset managers in answering alternative investment demand and even potential competition from non-traditional players entering the asset management space.

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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.

Executive Briefings

It looks like Nationwide Mutual Insurance Company will have its day in court come January 2014 to defend itself against a mutual fund lawsuit.

Executive Briefs

Broadridge Financial Solutions has agreed to acquire Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.

Executive Briefings

Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.

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