MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 23, 2012 And the Leading DWS Bidders Are … Who's going to snap up DWS Investments [profile] here in the U.S.? Douglas Appell of Pensions & Investments reports that, according to unnamed bankers, Claymore and Rydex acquirer Guggenheim Partners [profile] and Delaware [profile] acquirer Macquarie led the pack as of Friday, with Putnam parent Power Financial trailing. Last week Reuters put Guggenheim and Macquarie, along with Columbia parent Ameriprise and with State Street, on the shortlist in the auction, which includes all of Deutsche Bank's global asset management business, minus the Asian and European mutual fund arms [see MFWire.com, 2/14/2012]. P&I says Power may have fallen behind because its focusing on just the American piece of DWS, while Guggenheim and Macquarie are both bidding for the whole shebang, which also includes institutional, insurance and real estate asset management businesses. Yet the trade pub isn't counting Power and Putnam out of the running just yet. The article offers a look at what a DWS deal would mean for Putnam chief Bob Reynolds and his team. Printed from: MFWire.com/story.asp?s=39289 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |