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Brandes Investment Partners, Eaton Vance, and Krane Funds Advisors Headline New Additions to SMArtX UMA Platform
Access to New International Strategies Play an Effective Role in Global Risk Diversification
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WEST PALM BEACH
, Fla., March 2, 2021 /PRNewswire/ SMArtX Advisory Solutions ( SMArtX ), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform (TAMP), is pleased to announce the expansion of its UMA Platform with the addition of three new firms and four additional strategies this month. Brandes Investment Partners and Krane Funds Advisors make up three of the new strategies that add international portfolio diversification, while the fourth strategy adds Eaton Vance, one of the oldest investment management firms in the U.S., to the SMArtX large cap value space.
The corporate logo for Dorel Industries Inc. is shown in this handout photo. THE CANADIAN PRESS/HO February 15, 2021 - 12:24 PM
MONTREAL - Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after discussions with shareholders. Moving ahead. Business as usual, a spokesman for the company said in an email on Monday.
A group led by Cerberus Capital Management had previously agreed to buy outstanding shares of Dorel for $16 apiece, except for shares owned by the family that controls the company s multiple-voting shares.
But Dorel chief executive Martin Schwartz said the Montreal-based maker of car seats, strollers, bicycles and home furniture pulled the plug on a deal on the eve of Tuesday s special meeting after reviewing votes from shareholders.
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(Bloomberg) Cerberus Capital Management LP and the founding family of Dorel Industries Inc. terminated their bid to take private the Canadian toy and bicycle maker after it failed to win enough support from shareholders.
Dorel said Monday the buyers pulled the plug on the C$453 million ($357 million) deal after examining the proxy votes that came in by Friday’s deadline. A shareholder meeting had been scheduled for Tuesday morning on the C$16-a-share bid.
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