Vontobel Asset Management has agreed to acquire a 60% stake in TwentyFour Asset Management LLP, an independent fixed income specialist based in London.
The active management environment continued to improve throughout 2014, finds the Russell Canada Active Manager Report.
London Stock Exchange Group has concluded a review of the investment management business of Russell Investments and decided to sell the unit.
Sun Life Financial has agreed to purchase New York City-based Ryan Labs for an undisclosed amount.
AllianceBernstein has a new brand name: AB.
Morguard Corporation subsidiary Morguard Investments is buying a 60% stake in Lincluden Investment Management for an undisclosed amount.
BNY Mellon has completed its acquisition of Cutwater Asset Management, a U.S.-based fixed income and solutions specialist with about US$22 billion ($25.9 billion) in assets under management.
CIBC is looking at buying Russell's investment management division, says Bloomberg News.
Morningstar Research has announced the winners of the 2014 Morningstar Awards.
The Pacific Investment Management Co. Total Return Fund reported outflows of about US$27.5 billion in October, with nearly half of them occurring in the first five trading days of the month.