Saturday, 27 December 2014
Last updated 3 days ago
Jan 13 2012 | 1:08am ET
Deutsche Bank is moving forward with plans to sell its asset management business, including RREEF, its alternative asset unit.
The bank has given 12 possible bidders permission to conduct due diligence on RREEF, its institutional business DB Advisors and its Americas mutual fund business DWS Investments. Deutsche Bank could net in excess of €2 billion in the sale; RREEF alone has €46 billion in assets under management, while the for-sale units together boast €400 billion.
Deutsche Bank decided to move forward with the process on Tuesday after it was satisfied by the interest expressed in the business by potential buyers. Only bidders who want to buy and keep all the businesses together were considered.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.