March 14, 2011

Kleinwort Benson to Buy Certain Close Brothers Units

On March 10, 2011, Close Brothers Group plc announced the disposal of its UK offshore trust, fund administration, asset management and banking businesses to Kleinwort Benson Channel Islands Holdings Limited for £29.1 million.

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March 14, 2011

National Australia Bank Invests in AREA Property

On March 9, 2011, global real estate investor and fund manager AREA Property Partners announced a strategic partnership with National Australia Bank Ltd, which has acquired a 35% stake in AREA.

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March 10, 2011

Rohatyn Group Acquires 50% of ARCH Capital

On March 7, 2011, emerging markets asset management firm The Rohatyn Group announced that it had agreed to acquire Ayala’s 50% interest in ARCH Capital Management Co., Ltd. and ARCH Capital Asian Partners, G.P. in a share exchange transaction.

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March 9, 2011

Ramius Spins Off Value and Opportunity Unit

On March 4, 2011, Ramius LLC, the alternative investment management business of Cowen Group, Inc. (NASDAQ: COWN) announced that it will spin-off its Value and Opportunity arm, which will be managed by Starboard Value LP.

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March 9, 2011

Duke Street Buys Majority Stake in UK Wealth Management

On March 7, 2011, U.K.-based private equity group Duke Street announced that it had acquired a majority stake in UK Wealth Management.

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March 7, 2011

Resource America Acquires Churchill Pacific Asset Management

On March 2, 2011, asset manager Resource America, Inc. (NASDAQ: REXI) announced that its assets under management had increased by $1.9 billion due to the acquisition of Churchill Pacific Asset Management.

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March 7, 2011

LGBT Capital and Galeforce Capital Announce Strategic Alliance

On February 22, 2011 LGBT Capital and Galeforce Capital announced a strategic alliance to launch funds focused in the lesbian, gay, bisexual, and transgender (LGBT) sector.

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March 4, 2011

Ashmore Group to Take Majority Stake in Emerging Markets Management

On February 24, 2011 British investment manager Ashmore Group plc announced that it has entered into a conditional agreement to acquire a 62.9% interest in U.S.-based Emerging Markets Management, L.L.C. for up to $246 million in a cash and stock deal.

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March 3, 2011

Niosi and Roseworth Capital Form RE Investment Firm

On February 18, 2011 Roseworth Capital LLC announced that it had entered into an agreement with New York real estate executive Anthony T. Niosi to form a new real estate investment firm.

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March 2, 2011

Hedge Fund M&A: Where Do We Stand Now?

Institutional Investor Alpha Hedge’s 17th Annual Global Hedge Fund Summit to be held May 1-3, 2011 in Bermuda will include a panel discussion entitled “Hedge Fund M&A: Where Do We Stand Now?”

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