Acquiror | Acquired or
Target Company | Type of Transaction
and Status |
| Affiliated Managers Group Inc., a global asset management company with equity investments in boutique investment management firms and approx. $619 billion AUM | Ivory Investment Management LP,
an investment firm utilizing long-short equity
and long-only investment strategies | Investment
(terms not disclosed) |
| Abax Investments (Pty) Ltd, an investment firm offering South African equity, fixed income, and strategic and tactical asset allocation strategies and a separate global equity strategy | Investment
(terms not disclosed) |
| Systematica Investments LP, an investment firm focusing on using science and technology in the investment process by implementing strategies such as trend-following and quantitative equity investing in both traditional hedge fund vehicles and liquid alternatives | Investment
(terms not disclosed) |
| Financial Institutions, Inc., a provider of customized investment management, investment consulting and retirement plan services with approx. $1.2 billion AUM | Courier Capital Corporation, a registered investment adviser based in western New York | Investment
(terms not disclosed) |
| BNY Mellon, a global investment company with approx. $1.6 trillion AUM | Atherton Lane Advisors, LLC, an independent registered investment adviser that focuses on wealth management and investment counseling for private clients with approx. $2.7 billion AUM | Acquisition (pending)
(terms not disclosed) |
| Lightyear Capital, a private equity firm, and the Public Sector Pension Investment Board, a Canadian pension investment manager with approx. $112 billion AUM | AIG Advisor Group, Inc., a network of U.S. brokers with more than 5,200 independent advisers and more than 800 full-time employees | Acquisition
(terms not disclosed) |
| Legg Mason Investor Services, LLC, a global asset management firm with approx. $671.5 billion AUM | Clarion Partners, a real estate investment firm and registered investment adviser with more than 200 domestic and international institutional investors and approx. $40 billion AUM | Acquisition of 83% interest for $585 million (pending) |
| Permal, a Legg Mason hedge fund manager, and EnTrust Capital, an alternative asset manager operating a fund of hedge funds platform with approx. $12 billion AUM | Merger (pending) |
| Delaware Investments, a global asset manager with approx. $165 billion AUM | Bennett Lawrence Management LLC, an investment manager focused on developing small- and mid-cap growth strategies with approx. $300 million AUM | Acquisition
(terms not disclosed) |
| Financial Engines, Inc., a California-based independent investment adviser founded in 1996 | The Mutual Fund Store, a registered investment adviser with approx. $9.7 billion AUM | Acquisition for $250 million cash and approx. 9.9 million shares of Financial Engines’ common stock |
| HarbourVest Partners, an independent, global private markets specialist | BAML Capital Access Funds, a private equity fund-of-funds manager and adviser | Acquisition
(terms not disclosed) |
| PGIM, the investment management arm of Prudential Financial with approx. $963 billion AUM | Deutsche Bank’s Indian asset management business | Acquisition
(terms not disclosed) |
| Mercer Advisors, a wealth management firm with approx. $6 billion AUM | Kanaly Trust, provider of wealth management, financial planning and trusts-and-estates services to families, individuals and estates with approx. $2 billion AUM | Merger
(pending) |