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

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

Rating:Pioneer Seeks Acquisition Targets Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, July 07, 2003

Pioneer Seeks Acquisition Targets

by: Sean Hanna, Editor in Chief

Pioneer Investment Management has reportedly tapped an advisor to help it seek acquisition targets. New CEO Osbert Hood told Reuters that Pioneer hired DeGuardiola Advisors to find a small fund firm or an individual fund that is for sale.

Hood was made CEO of the unit after Dan Geraci jumped to Phoenix Investments in late April. Before taking the job in May, he spent nearly three years as Pioneer's chief operating officer.

Hood is apparently focusing on filling product holes in the Pioneer lineup. Specifically, he is hoping to add large-cap growth and hedge fund management capabilities, according to the report. "I would say we have some product gaps and where we can acquire strategically, we will do so," he reportedly told Reuters.

He added that he is willing to pay a premium price for a "perfect fit" firm. In the case of a hedge fund manager, that would likely mean one that has an SEC registered product. Pioneer last bought the Pioneer High Yield Fund Third Avenue Management in 1999 and hired portfolio manager Margaret Patel.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©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