News Formal

iM Global has taken a stake in a top-performing equity business, as it looks to put its remaining $400 million to work

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The deal comes amid a hot time for M&A in asset management, with deal value up 72% last year, according to PwC.

"We believe there is much more activity to come and more deals to be consummated given both the fundamentals and challenges across the sector," theThe iM Global model is similar to that of Affiliated Managers Group, which Seeley left last March after 16 years.

Scharf, founded in 1983, has more than quintupled its assets since 2007. Seeley said iM Global will help the firm continue expanding, particularly in its institutional and high net worth advisory segments, by connecting Scharf's team with iM Global's distribution team.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This new ETF lets you invest in the rapidly growing, $400 billion space industryThe flood of young companies into the $400 billion space industry is sparking investor interest but there's a common issue.
Source: CNBC - 🏆 12. / 72 Read more »