Category: Institutional

The move will see Westfield become an equity-method affiliate of the Tokyo-listed financial services company. The strategic investment marks a key step in Monex’s long-term growth plan to strengthen its asset management platform and expand its presence in the US equity market.  Founded in 1989, Westfield specialises in US growth equity strategies and currently manages…

As part of the deal, UBS will transfer its onshore wealth management business in India to 360 ONE, while 360 ONE clients booked in Singapore will be served by UBS.  UBS will also acquire warrants for a 4.95% stake in 360 ONE, signalling its long-term commitment to the Indian ultra and high-net-worth segment. The collaboration…

The increase was driven by $3.6 billion in net flows and $1.5 billion from other factors, partially offset by $1.1 billion in negative investment performance.  The group’s long-only strategies saw the most notable growth, with discretionary long-only assets rising by $4.4 billion to $33.2 billion, led by strength in credit and convertibles. Man Group estimated…

Under the terms of the agreement, IAMI will provide investment advisory services to BNPP AM Europe in relation to an investment fund.  The firm explained that the deal forms part of an ongoing distribution arrangement between Impax and BNP Paribas Asset Management across several international markets. As part of the agreement, BNPP AM Europe will…

The move is expected to significantly expand StoneX’s global derivatives presence. Announced on Monday, the acquisition will be paid through a mix of $625 million in cash and 3.5 million shares of StoneX common stock.  StoneX will also assume up to $143 million of RJO’s debt. The transaction is expected to close in the second…