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
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
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