Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:MFS Gains a U.S. Sibling Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 28, 2015

MFS Gains a U.S. Sibling

Reported by Neil Anderson, Managing Editor

MFS' [profile] Canadian parent is about to buy another U.S. asset manager.

Today Toronto-based Sun Life Financial's Sun Life Investment Management arm unveiled a deal to acquire New York City-based Ryan Labs. Ryan, which goes by the Ryan Labs Asset Management brand, dates back to 1988 and specializes in liability driven investing and total return fixed income investing.

A spokesman for MFS referred inquiries to Sun Life.

The deal comes as Ryan, an institutional fixed income manager with about $5.1 billion in assets under management, is entering the mutual fund side of the business. Bob Dorsey, co-founder and managing director at Ultimus Fund Services, confirms that the Cincinnati-based vendor to fundsters is helping Ryan launch its first mutual fund, an institutional one with a $1-million minimum. Dorsey praises Ryan as a shop with a "great history".

Sun Life's purchase of Ryan is slated to close this quarter. The Canadian insurance giant says that Ryan "will operate as a unit of Sun Life Investment Management," keeping the Ryan brand and its Fifth Avenue headquarters. Ryan president Sean McShea will continue to lead the shop. He'll report to Sun Life Investment Management president Steve Peacher, who also serves as chief investment officer of all of Sun Life Financial.

Peacher praises Ryan as "an established and innovative firm" and describes the deal as "a significant first step in building Sun Life Investment Management's third-party business in the U.S."

McShea states that, despite the deal, "it will be business as usual" for Ryan's clients.

Berkshire Capital advised Sun Life on the deal, while Corporate Partners advised Ryan. Weil, Gotshal & Manges served as Sun Life's legal advisor, and Arnold & Porter filled a similar role for Ryan. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. Irish Funds Annual Global Funds Conference 2022, May 30-31
  2. WealthManagement Edge, May 31 - June 3
  3. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  4. 28th annual Expect Miracles East Coast Classic, June 9
  5. 2022 Sohn Investment Conference, June 9
  6. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  7. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  8. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  9. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  10. 2022 MMI Emerging Asset Managers Forum, June 23
  11. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  12. Financial Planning INVEST, Jun 28-29
  13. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  14. MFDF Director Discussion Series - Open Forum (New York), July 20
  15. 2022 MMI Distribution Leadership Forum, Jul 20-21
  16. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  17. MFDF webinar - Performance, Perception and Manager Selection, September 14
  18. 2022 ICI Tax and Accounting Conference, Sep 18-21
  19. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  20. Nicsa Fearless Leadership Symposium, Oct 6-7
  21. 2022 MMI Annual Conference, Oct 19-21
  22. 2022 IDC Fund Directors Conference, Oct 24-26
  23. 18th annual Expect Miracles Wine & Spirits Event, October 27
  24. Nicsa 2022 General Membership Meeting, October 31 - November 2
  25. Tiburon CEO Summit XLIII, Nov 7-9
  26. 2022 ICI Tech Summit, Nov 8-9




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use