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 |
|
Friday, November 28, 2008 Ameriprise Diverts Seligman Bond Pros from RiverSource J.W. & Seligman's chief investment officer, Jack Cunningham, and the New York investment manager's taxable bond team did not make the move to Seligman's new owner, RiverSource Investments parent Ameriprise Financial, Pensions & Investments reports. The departures reflect the overlap that occurs in an acquisition, an Ameriprise spokesman told the pub. Ameriprise's $440-million all-cash purchase of Seligman closed November 7 (see The MFWire, November 10, 2008). Ameriprise is folding Seligman into RiverSource, though the Seligman brand stays on. RiverSource has absorbed most of Seligman's investment teams. Printed from: MFWire.com/story.asp?s=20003 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |