MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, November 5, 2007 Hartford Chief Ayer Interested In an Acquisition The Hartford is interested in making an acquisition in order to grow assets its chief executive, Ramani Ayer said at the Reuters Finance Summit in New York on Monday. Reuters reports that Ayer said an optimal acquisition would be in the small to midcap space, but added that it is difficult to do as smaller firms are trying to stay independent and larger rivals, such as Legg Mason, are looking to buy. Ayer also said he would like to see Hartford's mutual fund AUM cross the $100 billion dollar mark, but declined to give a time frame. Hartford currently manages about $50 million. Printed from: MFWire.com/story.asp?s=16361 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |