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

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

Rating:Will MFS Gain a New Fund Sibling? Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, March 4, 2009

Will MFS Gain a New Fund Sibling?

Reported by Neil Anderson, Managing Editor

Sun Life Financial reportedly wants to buy the Hartford's life insurance division, but what does that mean on the mutual fund side? Bloomberg's Zachary Mider and Sean Pasternak report that the Canadian insurer is in talks to acquire the life business, which boasts $247.9 billion in assets and includes Hartford's fund business, though not its sub-advisors.

Spokespeople for Hartford and Sun Life declined to comment on the talks.

Bloomberg cites MetLife as another recent potential bidder.

The Hartford, which had $31 billion in retail mutual fund AUM on December 31 (see MFWire, 2/6/2009), utilizes two sub-advisors for its mutual funds, one internal and one external. Hartford Investment Management is a stand-alone subsidiary that handles fixed income and asset allocation sub-advisory work; like property and casualty insurance, it is separate from the life business and thus appears to not be included in this deal. The funds' equity sub-advisor, Wellington, is independent from the Hartford. 

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

3.0
 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