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.
Corporate Moves
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.
AT&T Agrees to Allow Shareholder Proposal Submitted by NYC Pension Funds
Four New York City pension funds will drop their complaint after AT&T agreed to allow its shareholders to vote on workforce demographic disclosures at its annual meeting.
Victory Capital Makes Competing Bid for Janus Henderson
The consideration of $57.04 per share is 16% greater than Trian’s acquisition bid.
Guardian Life Seeds Janus Henderson Active Fixed-Income ETF With $100M
The seed capital stems from a strategic partnership between the two firms.
Nuveen Deal for Schroders Would Form $2.5T Manager
The proposed $13.5 billion acquisition would propel the combined firm to be one of the world's 10 largest by AUM.
Cerity Partners to Merge With Investment Consultant Verus
The combined firm would manage and advise on $1.3 trillion in assets.
Neuberger Berman to Acquire McKinsey’s Wealth and Asset Management Unit
MIO Partners will be integrated into Neuberger following SEC scrutiny of McKinsey’s nonpublic information controls.
ISS MI Acquires Family Office Data Platform
Family Office Access brings private wealth management data to ISS MI’s platform.
Meiji Yasuda Expands US PRT Business With Banner Life Acquisition
The previous insurance arm of Legal & General Group PLC was purchased by the Japanese insurer for $2.3 billion.
CVC to Acquire Marathon Asset Management
The $24 billion credit manager will continue to be led by its current leadership.
Venn by Two Sigma to Be Sold to Insight Partners
The portfolio analysis tool will merge with Solovis.