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 |
|
Wednesday, September 2, 2009 Will Van Kampen Follow in MLIM's Footsteps? The fate of Morgan Stanley's Van Kampen Investments subsidiary continues to generate media buzz. The Wall Street Journal reports that Morgan Stanley "has been leaning more" toward a joint venture lately, rather than simply selling Van Kampen. Morgan Stanley is eyeing the possibility of purchasing a minority stake in an asset manager that would acquire Van Kampen. Such a scenario would be similar to the BlackRock-Merrill Lynch deal in 2006, under which the wirehouse sold Merrill Lynch Investment Managers to BlackRock in exchange for a stake in the New York asset manager. Bloomberg reported Wednesday last week that Morgan Stanley was discussing a transaction under which it would get a stake in Invesco. Aside from Invesco, other firms that would be a good fit for Van Kampen include Franklin Resources, Aberdeen Asset Management, Federated Investors and Nuveen Investments, the WSJ reported, citing analysts. Printed from: MFWire.com/story.asp?s=22492 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |