December 28, 2011

Federated Investors to Acquire Prime Rate Capital Management

On December 22, 2011, Federated Investors, Inc. (NYSE: FII) announced that it had reached an agreement to acquire U.K.-based Prime Rate Capital Management, LLP from Matrix Group Limited.

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December 28, 2011

Renaissance Appointed to Manage Griffin Eastern European Fund

On December 22, 2011, Renaissance Asset Managers announced that it had been appointed as investment manager of Griffin Umbrella Fund plc’s Griffin Eastern European Fund, marking Renaissance’s entry into the German and Austrian market.

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December 28, 2011

Dundee Corporation to Acquire Shares of Dundee Capital Markets

On December 21, 2011, Dundee Corporation and Dundee Capital Markets Inc. announced that a court has approved an arrangement under which Dundee Corporation will acquire the remainder of Dundee Capital Markets at a price of $1.125 per share.

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December 28, 2011

FrontPoint to Spin Out Remaining Hedge Fund

On December 22, 2011, newstimes.com reported that FrontPoint Partners LLC’s last hedge fund manager, Stephen Czech, will leave the firm to start his own hedge fund.

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December 23, 2011

Financial Advisor Mergers & Acquisitions

Tiburon Strategic Advisors has released a research report entitled “Financial Advisor Mergers & Acquisitions:  An Overview of Succession Planning, Firm Valuation, & the Growing Acquisition Market for Financial Advisors.”  For information on how to obtain this research, please click here.

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December 22, 2011

Crédit Agricole Sells Private Equity Unit to Coller Capital

On December 16, 2011, Crédit Agricole S.A. and Coller Capital announced an agreement to sell 100% of Crédit Agricole Private Equity to Coller Capital for an undisclosed amount.

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December 21, 2011

Nikko AM and Ambit Launch Indian JV

On December 19, 2011, Nikko Asset Management Co., Ltd. and Ambit Private Holdings Limited announced the launch of a $150 million investment management joint venture based in India.

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December 19, 2011

Wells Fargo To Acquire EverKey Global Partners

On December 15, 2011, Wells Fargo announced that it had entered a definitive agreement to acquire Seward & Kissel client EverKey Global Partners, a global equity manager which will join Wells Capital Management, the asset management subsidiary of Wells Fargo Bank, N.A.

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December 16, 2011

Cantor Fitzgerald to Manage Cadogan Management Hedge Funds

On December 12, 2011, Cantor Fitzgerald, L.P. and Cadogan Management, L.P. announced that Cantor Fitzgerald Investment Advisors will be engaged as the new fund manager of certain Cadogan-managed investment vehicles.

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December 16, 2011

Apollo Global Management to Acquire Stone Tower Capital

On December 16, 2011, Apollo Global Management announced that it had agreed to acquire alternative credit manager Stone Tower Capital LLC for an undisclosed sum.

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