Brookfield Acquires European High Yield Business from Paul Mall

March 24, 2011

On March 21, 2011, Brookfield Investment Management (UK) Limited announced that it had acquired the European high yield fund management business of Pall Mall Investment Management Limited.


On March 21, 2011, Brookfield Investment Management (UK) Limited, a wholly owned subsidiary of Brookfield Investment Management Inc., announced that it had acquired the European high yield fund management business of Paul Mall Investment Management Limited.  Paul Mall’s high yield business, which has approximately $2 billion in assets under management, manages corporate high yield securities for institutional clients and German financial institutions.  The acquisition includes the flagship $305 million fund PALLMALL Funds ICVC, which has been renamed Brookfield Funds ICVC.  Brookfield is a New York based global investment manager with approximately $23 billion in assets under management.

To read the press release, please click here.


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions