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 |
|
Thursday, June 14, 2001 How Much for that Fund? Orbitex's buying spree is far from over. With the ink still wet on its deal to pick up Monument's funds, the New York firm is hungry for more. Orbitex is an open-minded shopper. "Our strategy has been to do acquisitions in all of these asset management areas including distribution, asset management, as well as the asset servicing side of the business," said Jerry Szilagyi, head of corporate development for Orbitex. "What we're probably most interested now is more mutual fund acquisitions and other types of investment managers." "We're interested in all different types of styles," continued Szilagyi. "The preference would be things that would be specialty in nature on the mutual fund side. Something that has specialty or niche type flavor would be interesting, but we've looked at deals and continue to look at deals that are more core product in nature." Orbitex is growing its business to leverage the capabilities of new members of its fold; institutional asset managers will likely develop mutual fund portfolios, and vice versa. With an entire suite of fund servicing firms, Orbitex offers acquisitions a low barrier of entry into the array of financial vehicles. Related stories: Printed from: MFWire.com/story.asp?s=26635 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |