December 30, 2013

Morgan Stanley Sells Indian Mutual Fund Assets to HDFC

On December 23, 2013, Reuters reported that Morgan Stanley Investment Management will sell its Indian mutual fund assets to joint venture HDFC Asset Management Company, owned by India’s Housing Development Finance Corp and Britain’s Standard Life.

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December 30, 2013

Centum Acquires Majority Stake in Genesis Kenya Investment Management

On December 21, 2013, Centum, a Nairobi-based investment manager, announced that it had acquired a 73.35% equity stake in Genesis Kenya Investment Management Limited.

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December 30, 2013

ARA Asset Management Acquires Macquarie Real Estate Korea

On December 23, 2013, ARA Asset Management announced that it will acquire Macquarie Real Estate Korea, a real estate management company that manages two privately held Korean Real Estate Investment Trusts.

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December 23, 2013

Brompton Asset Management Acquires WAY Group Funds

On December 20, 2013, Brompton Asset Management acquired the WAY Group’s global funds, increasing its assets under management by £148 million.

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December 23, 2013

AMG to Own a Majority of SouthernSun Asset Management

On December 19, 2013, Affiliated Managers Group, Inc. (NYSE: AMG) announced that it has agreed to acquire a majority stake in SouthernSun Asset Management, LLC.

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December 16, 2013

SunTrust Announces Agreement to Sell RidgeWorth Capital

On December 11, 2013, SunTrust Banks (NYSE: STI) announced that it will sell its asset management subsidiary, RidgeWorth Capital Management to an investor group, led by Lightyear Capital, and RidgeWorth employees.

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December 16, 2013

Wealth Enhancement Group Merges with Summit Wealth Advisors

On December 11, 2013, Wealth Enhancement Group, a Minneapolis-based independent financial advisory firm, announced its merger with Summit Wealth Advisors, a Chicago-based independent registered investment advisory firm.

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December 9, 2013

Northwest Savings Bank to Acquire Evans Capital

On November 27, 2013, Northwest Savings Bank announced that it will acquire Evans Capital Management, a financial advisory firm based in Erie, Pennsylvania (“ECM”), and Employee Benefit Resources, an employee benefits and consulting insurance firm co-owned by ECM’s founder.

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December 9, 2013

Columbus Nova Acquires Controlling Interest in CIFC

On December 3, 2013, CFICCorp. (NASDAQ: CIFC) announced that Columbus Nova, one of CIFC’s largest shareholders, will acquire an additional 9,090,909 shares of common stock at $9.00 per share from CIFIC Parent Holdings LLC, representing a controlling stake in the company.

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December 9, 2013

Cary Street Acquires RiverStone

On December 9, 2013 Cary Street Partners announced that it acquired Texas-based RiverStone Wealth Management for an undisclosed sum.

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