February 7, 2013

Legg Mason Discloses Terms of Fauchier Deal

On February 6, 2013, Reuters.com reported that Legg Mason Inc. is to pay about $80 million plus future incentive payments for hedge fund manager Fauchier Partners, a previously undisclosed amount.

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February 7, 2013

Handelsbanken Acquires Heartwood

On February 6, 2013, Swedish bank Svenska Handelsbanken AB announced that it will offer wealth management services in the U.K. through the acquisition of Heartwood Wealth Group Ltd.

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February 6, 2013

Jovian Acquires 100% of Leon Frazer

On February 6, 2013, Jovian Capital Corporation (TSX: JOV) announced that its subsidiary, Jovian Asset Management, had acquired all of the remaining outstanding voting shares of Leon Frazer & Associates Inc. for approximately $3.5 million.

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February 6, 2013

Consus Asset Management to Acquire Korea REIT

On February 5, 2013, private equity fund manager Consus Asset Management announced that it will acquire a 35.37% stake in Korea Real Estate Investment & Trust from Istum Partners, thus becoming Korea REIT’s largest shareholder.

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February 6, 2013

ORIX Participates in Mongolia’s First Private Equity Fund

On February 4, 2013, ORIX Corporation (NYSE: IX) announced its capital participation in The Mongolia Opportunities Fund I, a private equity fund established by Mongolian investment firm Mongolia Opportunities Partners.

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February 4, 2013

Banque Baring Brothers Sturdza Acquires Asset Manager Coges

On February 4, 2013, Bloomberg reported that Banque Baring Brothers Sturdza, a Swiss private bank with clients in the sports and entertainment fields, had purchased asset manager Coges Corraterie Gestion.

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February 1, 2013

Highland Capital and Argent Financial to Merge

On January 8, 2013, Louisiana-based Argent Financial Group announced that it had agreed to merge with Memphis-based investment advisor Highland Capital Management, LLC.

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February 1, 2013

Concordia to Join Mariner Investment Group

On January 15, 2013, Mariner Investment Group, LLC announced a merger agreement with alternative asset manager Concordia Advisors.

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February 1, 2013

The Portfolio Strategy Group Joins Focus Financial Partners

On February 1, 2013, Focus Financial Partners announced that The Portfolio Strategy Group had joined the Focus partnership, effective December 31, 2012.

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February 1, 2013

Julius Baer Announces Principal Closing of Acquisition of Merrill Lynch’s Non-U.S. Wealth Group

On February 1, 2013, Julius Baer Group Ltd. announced the principal closing of its acquisition of Merrill Lynch’s International Wealth Management business from Bank of America.  As part of the overall transaction, Baer has also acquired Geneva-based Merrill Lynch Bank (Suisse) S.A. and its branches in Zurich and Dubai.

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