The Carlyle Group has agreed to acquire Canada's Diversified Global Asset Management Corp., a global manager of hedge funds with more than US$6.7 billion in managed and advised assets.
Aberdeen Asset Management has signed a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group for about £660 million ($1.1 billion).
As the hedge fund industry matures, managers that survived the financial crisis are now beginning to focus on growing beyond their original business models. However, this optimism is not shared by investors, according to a recent EY (formerly Ernst & Young) survey. Seventy-two percent of investors say that they expect to maintain current allocation levels, […]
Manulife Financial is expanding its global third-party private asset management business.
My previous article discussed techniques for monitoring an investment manger’s track record to avoid making poor (and expensive) hire/fire decisions. In that article I also promised to introduce a tool investors can use to avoid hiring investment managers who are likely to underperform.
Global asset manager MFS has announced a name change to its Canadian operations.
Fiera Capital has completed the acquisitions of New York-based investment manager Wilkinson O’Grady & Co. and Los Angeles-based Bel Air Investment Advisors as well as its affiliate Bel Air Securities.
Even though institutional investors try to maximize returns, politics and localism still play big roles in their investment choices.
For the fourth consecutive quarter, the majority of large cap investment managers in Canada added value and beat the benchmark, according to Russell Investments.
Investor optimism over the global economic recovery and corporate profits has been dented, though sentiment toward Europe has improved.