Thursday, 18 September 2014
Last updated 7 hours ago
Apr 2 2008 | 12:20pm ET
Mergers and acquisitions in the global asset management industry from January to March were at an all-time high despite a worldwide slump in capital markets.
According to preliminary figures from Jefferies Putnam Lovell, the division of Jefferies Group focused on the asset management and financial technology industries, 53 asset management deals were announced in the first quarter of 2008.
The acquired assets under management totaled $704.6 billion and the disclosed deal value of those transactions was approximately $9.6 billion.
In the first quarter of last year; by contrast, 45 deals were announced, representing $544.9 billion in acquired assets under management, and $10.4 billion in disclosed deal value, according to Jefferies.
Asset management merger deals that made headlines in Q1 2008 include Ping An Insurance's bid to acquire 50% of Fortis' asset management business, the largest cross-border deal by assets under management in fund management history, and Halcyon Asset Management's proposal to go public through an acquisition by Alternative Asset Management Acquisition Corp. a special purpose acquisition company.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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