Old Mutual Asset Management sells 5 affiliates to their management
By Rob Kozlowski | October 11, 2012 11:52 am
Old Mutual Asset Management on Thursday announced it agreed to sell five of its affiliate money management firms — including Analytic Investors — to each of their senior management teams, confirmed spokesman Doug Hesney.
Terms of the deals were not disclosed.
300 North Capital is a multiasset-class money manager; 2100 Xenon Group, alternatives; Larch Lane, hedge funds of funds; Ashfield, growth; and Analytic Investors, quantitative.
The sale leaves OMAM with nine affiliate money management firms, which had combined assets under management of $196.9 billion as of June 30.