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Asset manager consolidation wave continues as two deals announced in 24 hours

The TRADE

The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker. stake in the company.

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Asset managers not prioritising research budgets as prospect of rebundling looms, study finds

The TRADE

Asset managers are focusing on costs and value, and in turn are not prioritising investment research budgets as the prospect of rebundling looms, a new buy-side study by Substantive Research has found. since 2022 – now at 54.6%.

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BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV

The TRADE

BNP Paribas has entered into a definitive agreement to acquire 100% of AXA Investment Managers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.

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2019 In Review: #1 in Insurance M&A

Sica Fletcher

In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages. Sica | Fletcher is excited to keep with momentum going into 2020. Sica | Fletcher is excited to keep with momentum going into 2020.

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Royal London Asset Management: ‘At the end of the day, they’re just really good traders’

The TRADE

Royal London Asset Management’s (RLAM) trading team is no stranger to change. The London-based asset manager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. Automation has been very important in credit more widely given we are an active manager.

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M&A flurry shows no sign of slowing with two trading venue deals announced this week

The TRADE

This week, the industry’s eyes turned to trading venues as two new M&A announcements were made. Also announced this week was MarketAxess’ plans to acquire multi-asset algorithmic trading provider, Pragma, for an undisclosed sum at the end of this year, subject to closing conditions. It’s part of Aquis’ developed strategy.

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Kepler’s Ellipsis AM set to acquire Rothschild AM convertible bond business

The TRADE

Kepler Cheuvreux subsidiary Ellipsis Asset Management has moved to expand its capabilities in the convertible bond segment with the acquisition of Rothschild & Co’s business. As part of the deal two Rothschild portfolio managers – Cristina Jarrin and Mikael Dauvert – will move to Ellipsis AM.