April 8, 2013

Aquiline and Genstar to Acquire Genworth Financial’s Wealth Management Business

On March 27, 2013, Aquiline Capital Partners and Genstar Capital announced that, in partnership, they had reached an agreement to acquire Genworth Financial Wealth Management and Altegris, an alternative solutions provider, from Genworth Financial, Inc. (NYSE: GNW) for approximately $412.5 million.

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March 4, 2013

Principal to Acquire Majority Stake in Liongate

On March 4, 2013, Principal Global Investors announced an agreement to acquire a 55% interest in London-based investment boutique Liongate Capital Management.

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February 11, 2013

Citigroup Spins Out Asset Management Unit

On February 6, 2013, Citi Capital Advisors announced that certain of its businesses will separate from Citigroup and form a new independent asset management firm, Napier Park Global Capital.

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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 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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January 31, 2013

Equinox Financial Group Acquires Tapestry Asset Management

On January 24, 2013, Equinox Financial Group announced that it had acquired Tapestry Asset Management, an investment advisor specializing in management of multi-manager hedge fund portfolios and managed futures strategies.

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December 19, 2012

Wells Fargo Acquires 35% Stake in Rock Creek

On December 18, 2012, Bloomberg.com reported that Wells Fargo had acquired a 35% interest in hedge fund firm Rock Creek Group.

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December 13, 2012

Legg Mason to Acquire Fauchier Partners

On December 13, 2012, Legg Mason (NYSE: LM) announced that its affiliate Permal will acquire Fauchier Partners, a European fund of hedge funds manager, from BNP Paribas Investment Partners.  Fauchier Partners will merge with Permal to form an alternative asset manager with approximately $24 billion in assets under management.

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December 5, 2012

TWC to Acquire Special Situations Funds Group from Regiment

On December 3, 2012, The TWC Group announced that it had reached an agreement to acquire the Special Situations Funds group of Regiment Capital Advisors.

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October 4, 2012

Carlyle Acquires 55% Stake in Vermillion Asset Management

On October 3, 2012, The Carlyle Group (NASDAQ: CG) announced that it had purchased a 55% stake in Vermillion Asset Management, a commodities investment manager.

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