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 |
|
Tuesday, December 31, 2024 Who Bought Whom In 2024? Consolidation continues in the mutual fund and ETF business (and the rest of the U.S. asset management business). Here are some of the deals that went down in 2024:
January 4 - The Alger Group Holdings, LLC team reveals a deal, then expected to close by the 31st of that month, to buy Newton, Massachusetts-based Redwood Investments, LLC; January 26 - Amplify ETFs adopts the funds of Summit, New Jersey-based ETF Managers Group (ETFMG), a deal that was first unveiled in June 2023; March 12 - CoinShares International Limited closes on its planned purchase of Brentwood, Tennessee-based Valkyrie Funds LLC; May 1 - BlackRock buys Chicago-based SpiderRock Advisors, LLC; May 30 - The ACA Group team unveils a deal, expected to close by today, to buy Milwaukee-based UMB Distribution Services, LLC; July 9 - The Victory Capital Holdings team officially agrees to a planned deal to buy Boston-based Amundi US, a purchase expected to close by today; and November 19 - The Horizon Investments, LLC team reveals a deal, expected to close in the first half of next year, to buy New York City-based Centre Asset Management. Did we miss a deal? Let us know at editors@MFWire.com. In the meantime, watch MFWireWire's deal sheet to keep up-to-date on deals throughout the year. Here's a look back at 2023 deals. And for an overview of 2024's retirement plan industry deals, read this update from 401kWire, a sister publication to MFWire. Printed from: MFWire.com/story.asp?s=68348 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
