OMAM completes sale of five affiliates

Comment on this story

Old Mutual Asset Management (OMAM)(OML)‚ the US-based global asset management business of international wealth and Old Mutual plc‚ announced on Wednesday that it has closed the previously announced transactions to sell five of its US affiliates to their respective senior management teams.

The five affiliate asset managers are 2100 Xenon Group‚ 300 North Capital‚ Analytic Investors‚ Ashfield Capital Partners and Larch Lane Advisors. These businesses had combined assets under management of $12 billion as at 30 September 2012.

Terms of the five transactions were not disclosed. OMAM entered into definitive agreements with the affiliate firms in October 2012. - I-Net Bridge

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines