November 17, 2011

Ashcourt Rowan to Raise £8.5m in Placing

On November 16, 2011, Investment Week reported that wealth manager Ashcourt Rowan is to receive an £8.5 million cash injection in the form of a share placing.

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November 16, 2011

Obama’s proposed enterprise value tax has managers worried

This November 14, 2011 article by Hazel Bradford in Pensions&Investments discusses administration proposals to impose an enterprise value tax on the sale of investment management partnerships.  To read this article, please click here (registration required to view).

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November 16, 2011

Deutsche Bank Increases Stake in UFG to 100%

On November 11, 2011, Deutsche Bank AG and UFG Asset Management announced that Deutsche Bank’s asset management division will fully acquire Russian investment management company Deutsche UFG Capital Management.

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November 16, 2011

Nuveen to Acquire 60% Stake in Gresham

On November 14, 2011, Nuveen Investments announced an agreement to acquire a 60% stake in Gresham Investment Management LLC.

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November 14, 2011

Alerus Purchases Michigan-based PensionTrend

On November 12, 2011, Grand Forks Herald reported that Alerus Financial had purchased PensionTrend, expanding to Michigan.

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November 14, 2011

Evercore to Acquire 45% Stake in ABS

On November 14, 2011, Evercore Partners Inc. announced that it had agreed to purchase a 45% non-controlling interest in fund-of-hedge-funds manager ABS Investment Management, LLC for approximately $45 million.

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November 14, 2011

Neuberger Berman Employees to Purchase Equity Held by Lehman Estate

On November 10, 2011, pionline.com reported that an agreement had been filed in U.S. Bankruptcy Court under which Neuberger Berman employees will be able to purchase 48% of the firm currently held by Lehman Brothers Holdings Inc.

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November 11, 2011

KPMG Investment Management M&A Monthly

KPMG published the October 2011 edition of its Investment Management M&A Monthly report on activity and news relating to investment manager M&A. To read this publication, please click here.

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November 9, 2011

Prudential Sells Afore XXI Stake to Banorte

On October 20, 2011, Prudential Financial, Inc. announced that it had entered into an agreement to sell its stake in Afore XXI, S.A. de C.V. to Banorte for approximately $200 million.

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November 7, 2011

Matrix Announces Strategic Arrangement with First Affiliated

On November 1, 2011, Matrix Asset Management Inc. (TSX:MTA) announced that it had entered into a strategic arrangement with Canadian Multi-Family Office First Affiliated Holdings Inc.

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