December 13, 2012
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.
December 5, 2012
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.
October 4, 2012
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.
September 20, 2012
On September 19, 2012, Franklin Resources, Inc. (NYSE: BEN), which operates as Franklin Templeton Investments, announced that it had agreed to acquire a majority stake in K2 Advisors LLC, an independent fund of hedge funds manager, for an undisclosed sum.
August 3, 2012
July 23, 2012
This July 19, 2012 article by Kiah Lau Haslett in SNLFinancial quotes Seward & Kissel partner Jim Abbott on State Street Corp’s proposed acquisition of Goldman Sachs Group’s hedge fund administration business, continuing the consolidation trend in hedge fund servicing. To read this article, please Click…
June 25, 2012
June 4, 2012
May 30, 2012
May 16, 2012
On May 16, 2012, Gottex Fund Management Holdings announced that it had reached an agreement to acquire Hong Kong-based Penjing Asset Management, a leading Asian alternative asset management provider.