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Mergers & Acquisitions


Asset Management Industry Targets Digital Advice

The asset management industry's involvement in the digital advice space continues to deepen, as firms focus on providing institutional solutions for advisors.

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.



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