March 31, 2014

Principal Financial Eyeing Bolt-Ons as Mix Slowly Shifts

This March 24, 2014 article by Matt Blumenfeld in SNL Financial discusses increasing deal activity for Principal Financial, as well as other insurers pursuing asset management deals.  Seward & Kissel partner Jim Abbott is quoted in the article, and describes recent acquisitions by insurers in the asset manager sector.  To…

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March 31, 2014

Aviva to Sell River Road to AMG

On March 28, 2014, Affiliated Managers Group (NYSE: AMG) announced that it had reached a definitive agreement with Aviva Investors North America Holdings to acquire Aviva’s stake in Louisville, Kentucky-based River Road Asset Management.

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March 31, 2014

Federated Investors to Acquire $421M in Fixed-Income Assets from Huntington Funds

On March 14, 2014, Federated Investors, Inc. (NYSE: FII) announced that it will acquire fixed income assets from Huntington Asset Advisors, Inc. worth approximately $421 million.  The assets will be acquired from five Huntington fixed-income mutual funds and reorganized into five existing Federated fixed-income mutual funds with similar investment strategies.

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March 24, 2014

Cantor Fitzgerald Acquires Fintan Partners

On March 3, 2014, Cantor Fitzgerald L.P. announced that it will acquire Fintan Partners LLC, a California-based fixed income absolute return fund of hedge funds.

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March 19, 2014

National Financial Partners Acquires Washington Wealth Management

On March 12, 2014, National Financial Partners Corp., a benefits, insurance and wealth management business, announced that it had acquired Washington Wealth Management, LLC, a San Diego-based independent registered investment advisor.

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March 19, 2014

Deutsche Asset & Wealth Acquires $85 Million Illiquid HF Portfolio

On March 12, 2014, FIN Alternatives reported that Deutsche Asset & Wealth Management’s Aggregator Solutions Fund had acquired a portfolio of illiquid hedge fund investments worth $85 million from an undisclosed Swiss asset manager.

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March 19, 2014

Bellpenny Acquires Personal & Corporate Financial Solutions

On March 17, 2014, FT Adviser reported that Bellpenny, a UK IFA consolidator, has acquired Personal & Corporate Financial Solutions.  This is Bellpenny’s 16th acquisition.

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March 14, 2014

Verisight Acquires DailyAccess Corporation

On January 23 2014, Verisight, Inc. announced that it had acquired DailyAccess Corporation, a retirement and benefit plan services provider. 

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March 14, 2014

Fortress Announces Public Offering of Class A Shares

On March 12, 2014, Fortress Investment Group (NYSE: FIG) announced that it had commenced a public offering of 28,280,000 Class A shares.  Certain officers and senior employees will sell 5,077,141 Class A Shares as part of the offering.  The underwriters also have a 30-day option to purchase up to 4,242,000 additional Class A Shares.

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March 10, 2014

Legg Mason to Acquire QS Investors

On March 4, 2014, Legg Mason, Inc. (NYSE: LM) announced that it had entered into a definitive agreement to acquire QS Investors, LLC, a global quantitative equities provider.

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