May 11, 2020

Emigrant Partners Acquires Minority Interest in Parallel Advisors

On May 4, 2020, Seward & Kissel client Emigrant Partners, LLC announced that it had made a minority investment in Parallel Advisors, LLC.

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May 11, 2020

Berkshire Global Advisors: May 2020 Perspectives Publication

Berkshire Global Advisors issued a Perspectives Publication for May 2020 entitled “Asset Managers Confront Another Crisis” which presents expectations and thoughts on industry activity post-COVID 19. To read the report: please click here.

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May 6, 2020

Investcorp and Tages Group Form Joint Venture

On May 6, 2020, Investcorp and Tages Group announced an agreement to create a 50/50 joint venture by merging absolute return businesses.

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May 4, 2020

LPL Financial to Acquire Lucia Securities

On April 28, 2020, LPL Financial LLC announced that it had entered into an agreement to acquire Lucia Securities, LLC. Pursuant to the terms of the agreement, LPL Financial LLC (“LPL”), a subsidiary of LPL Financial Holdings Inc., will purchase the assets of Lucia Securities, LLC (“Lucia Securities”). The deal…

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May 1, 2020

Stonehage Fleming Acquires Cavendish Investment Management Activities

On April 23, 2020, Stonehage Fleming announced an agreement to acquire the investment management activities of Cavendish Asset Management. Under the terms of the transaction, Stonehage Fleming (“Stonehage”) will acquire the investment management activities of Cavendish Asset Management (“Cavendish”). Stonehage Fleming Investment Management will assume management of Cavendish’s four OEIC…

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April 29, 2020

ORIX Corporation to Sell Mariner Investment Group to Management

On April 23, 2020, it was announced that ORIX Corporation USA will sell Mariner Investment Group, LLC to Mariner’s management. Under the terms of the transaction, ORIX Corporation USA (“ORIX USA”) will sell Mariner Investment Group, LLC (“Mariner”) to Curtis Arledge, Mariner Chairman and Chief Executive Officer, William Michaelcheck, Mariner…

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April 27, 2020

Berkshire Global Advisors: Q1 Wealth Industry Report

Berkshire Global Advisors issued its 2020 Q1 newsletter, “As Wealth Managers Embrace FinTech, Are Firms Pursuing Related Acquisitions and Funding” on wealth management trends and transactions. To read the report: please click here.

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April 27, 2020

Anchorage Capital Group to Acquire Garrison Investment Group

Under the terms of the transaction, Anchorage Capital Group, L.L.C. (“Anchorage”) will acquire Garrison Investment Group (“Garrison”). Anchorage will own the management contracts for three portfolios of collateralized loan obligations. Further terms of the deal were not disclosed. Anchorage, based in New York, is a registered investment advisor consisting of…

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April 22, 2020

Titan Advisors to Manage Alternative Investment Group Funds

On April 16, 2020, it was announced that Titan Advisors will manage several of Alternative Investment Group’s funds.

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April 20, 2020

Piper Sandler Companies Monthly Asset Management Report – March 2020

Piper Sandler Companies published its Monthly Asset Management Report for March 2020, which analyzes general industry information and transaction highlights. To read the report: please click here.

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