Natixis Affiliate Flexstone Partners to Acquire $3.5B Secondaries Manager
The proposed acquisition of Boston-based Glouston Capital Partners would create a $15 billion private equity platform.
Corporate Moves
Federated Hermes Becomes Latest Manager to Introduce Tokenized Money Market Funds
The firm’s OFFXX aims to comply with the GENIUS Act.
Baillie Gifford to Launch ETF Suite in US
The actively managed exchange-traded funds will focus on emerging markets and international stocks.
Manager M&A Spree Continues as DigitalBridge Plans $1B ArcLight Acquisition
The combined entity would manage more than $150 billion in assets.
Apollo Plans Daily Pricing for Private Credit Funds
The manager with $834 billion in credit AUM seeks to provide greater transparency across its portfolio by September, according to an earnings call.
AI and the Talent Issue
Artificial intelligence has implications for early-career investment professionals.
NYC Comptroller Calls for AT&T Shareholders to Vote for Equal Opportunity Disclosure
The telecommunications giant stated that EEO-1 reports ‘do not meaningfully reflect’ its organizational structure.
October Three Acquires Broker Education Provider
Broker Educational Sales & Training content will be integrated into October Three’s Retirement Learning Center.
OCIO Fiducient Advisors Acquires Plan Consultant Axia Advisory
The retirement plan consultant brings $1.9 billion in assets to the growing firm.
MSCI Buys Secondaries Market Data Company PM Insights
With the purchase, the index provider seeks to bring transparency to private market pricing, valuation, transaction and liquidity data.
Asset Manager Consolidation Continues as Structural Shifts Reshape Industry
Fee compression, declines in fundraising, and shifting limited partner priorities are driving the spree of mergers and acquisitions.
Janus Henderson Rejects Victory Capital Acquisition Proposal
The asset manager’s board reaffirmed its preference to be acquired by Trian and General Catalyst.
Easterly Asset Management to Acquire Fund Management Business From Olstein
Mutual funds from Olstein Capital Management will be reorganized and managed by Easterly Snow.
Consortium Including CalPERS, EQT, BlackRock’s GIP to Acquire Utility Company AES
The $33.4 billion deal for the power generation company would support its capital growth plans.
Northern Trust Launches Tokenized Money Market Fund
The firm’s foray into digital assets will tokenize its NIF Treasury Instruments Fund.