In the Margins
Old Mutual PLC has received a number of approaches from third parties to buy its stake in OM Asset Management PLC. The company, which said in March it would break up its four divisions, didn’t disclose who it had received approaches from, but The Financial Times reported the company was close to a deal to sell the U.S. asset management business to Affiliated Managers Group for about $1 billion. Read the original story from The Wall Street Journal.
Most Read
Independent mutual fund directors saw markedly smaller increases in pay in 2017, when compared to the year prior, according to the results of the Independent Directors ...
The parties in a 2014 lawsuit accusing PIMCO of overcharging Total Return Fund shareholders while lavishly compensating CIO Bill Gross and CEO Mohamed El-Erian agreed this week ...
The board of T. Rowe Price Group's funds has elected an independent chairman for the first time, naming Robert Gerrard to the top spot at the ...
Merger & acquisition activity in the asset management business has been ticking up for years, and it doesn't look to be slowing down anytime soon. And ...