September 30, 2011

Aberdeen Asia Acquires India Fund from Blackstone

On September 14, 2011 The India Fund, Inc. (NYSE:IFN) announced that its Board of Directors had approved a transfer of management from Blackstone Asia Advisors L.L.C. to Aberdeen Asset Management Asia Limited, subject to stockholder approval.

Continue reading...

September 30, 2011

ABN AMRO Acquires LGT Bank Deutschland

On September 29, 2011 LGT Group announced that it had signed an agreement with  ABN AMRO Bank N.V. under which the Dutch bank’s subsidiary, Delbrück Bethmann Maffei AG, will acquire 100% of the shares of LGT Bank Deutschland.

Continue reading...

September 30, 2011

SG Wealth Management Acquires IFA Stan Gaskin

On September 27, 2011 Citywire reported that SG Wealth Management had acquired Independent Financial Advisor Stan Gaskin, increasing its assets under management by approximately £200 million.

Continue reading...

September 28, 2011

Redwood Announces Partnership with Red Sky Capital

On September 21, 2011 Toronto, Ontario-based Redwood Asset Management announced that Red Sky Capital Management will become portfolio manager to the Redwood Conservative Long/Short Equity Fund, which will now be called the Redwood Absolute Return Fund.

Continue reading...

September 22, 2011

Guggenheim Partners Acquires Rydex/SGI

On September 21, 2011 pionline.com reported that Guggenheim Partners has acquired ETF manager Rydex/SGI, which it will merge into its existing asset management business.

Continue reading...

September 21, 2011

MDE Group Spins Off Asset Management Business

On September 19, 2011, The MDE Group announced that it had spun off its asset management business, which will operate independently as Risk 3.0 Asset Management, providing services exclusively to RIAs.

Continue reading...

September 21, 2011

Fullerton Acquires Pioneer Investcorp’s Wealth Management Unit

On September 20, 2011, Banking Business Review.com reported that India-based Fullerton Securities & Wealth Advisors had acquired the wealth management business of Pioneer Investcorp.

Continue reading...

September 21, 2011

AllianceBernstein to Acquire Taiwan International Investment Management

On September 8, 2011 Banking Business Review reported that asset manager AllianceBernstein had agreed to acquire Taiwan International Investment Management, expanding its presence in the Taiwan fund market.

Continue reading...

September 21, 2011

Conning Acquires Goodwin Capital Advisors

On September 19, 2011 Conning, Inc. announced that it had entered into an investment management agreement with The Phoenix Companies, Inc. (NYSE:PNX) and had agreed to acquire Goodwin Capital Advisors, Inc., a Phoenix subsidiary.

Continue reading...

September 21, 2011

AdvisorShares/Commerce Asset Management Form ETF Partnership

On September 16, 2011 AdvisorShares Investments, LLC announced a partnership with Commerce Asset Management to develop an actively managed Exchange Traded Fund.

Continue reading...

Menu