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

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

Rating:Who Will Buy This Insurer's $14.6B Mutual Fund Shop? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 29, 2015

Who Will Buy This Insurer's $14.6B Mutual Fund Shop?

News summary by MFWire's editors

Who will buy RS Investments [profile] from Guardian Life Insurance Company of America?

Matthew H. Scanlan
RS Investments
CEO
A source familiar with the situation tells MFWire that the New York City-based insurer has put the San Francisco-based asset manager on the block. Jessica Toonkel of Reuters reports that, per two unnamed sources, Guardian has hired Morgan Stanley to shop RS. 25-year-old RS has $20 billion in AUM as of March 31, including $14.6 billion in 25 mutual funds, and no pricing on the sale has yet come to light.

Officials at Guardian, Morgan Stanley, and RS declined to comment to the wire service.

RS dates back to 1986, when it was created as an arm of venture capital firm Robertson Stephens & Company. BofA bought Robertson Stephens in 1997, and founding partner Paul Stephens led a management buyout of the asset management arm two years later. Guardian bought RS in 2006, and RS adopted Guardian' funds. Current RS CEO and BGI veteran Matthew Scanlan took over three years ago. 

Edited by: Neil Anderson, Managing Editor


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
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use