More than $US1.26 trillion in assets has changed owners through funds management corporate activity so far this year, according to figures by Putnam Lovell NBF Securities.
The figures by Putnam Lovell NBF, an investment bank specialising in the global financial services industry, show the sales of investment management firms announced in the first half of 2007 reached record levels. The total number of deals in the first six months of this year, are up by about 30 per cent to 112, compared with the total number of deals for all of 2006 which was 191. According to Putnam Lovell NBF the sales of investment management firms will continue because of new buyers from the private equity world, but also as the demand for alternative investment skills continues.
17 July 2007 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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