Societe Generale In Talks With Amundi To Dispose Asset Management Activities Operated By Lyxor
PARIS (dpa-AFX) - Societe Generale (SCGLF.PK, SCGLY.PK) said its Board approved the entry into exclusive negotiation with Amundi with a view to disposing of the asset management activities operated by Lyxor. Lyxor includes the Group s asset management activities. Societe Generale expects the deal to be finalized by February 2022 at the latest, at a price of 825 million euros. The capital gain from the disposal, net of tax, would be around 430 million euros.
Societe Generale noted that it would announce a project to create a Wealth & Investment Solutions department within its private bank. It would include Lyxor s teams, which would not be part of the disposal.
It will offer funds and model portfolios ‘to meet growing demand’ from financial advisers
Schroders has launched Schroder Investment Solutions which will deliver a series of “low-cost” model portfolios and multi-asset funds.
In response to demands from financial advisers, Schroder Investment Solutions will deliver funds and model portfolios which meet a wide range of clients’ investment needs and risk profiles. The offering will be available on several platforms in May.
Alex Funk, who has been named chief investment officer of Schroder Investment Solutions, will oversee the management of £4bn ($5.53bn, €4.65bn) of assets, supported by his team of investment experts.
Schroders launches £4bn UK Investment Solutions business professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
Russell Investments Enters Strategic Partnership with Hamilton Lane to Accelerate Private Markets Capabilities
Thursday, April 1, 2021 11:55AM IST (6:25AM GMT)
Partnership will deliver innovative investment solutions across asset class spectrum for Russell Investments’ clients
Hamilton Lane takes a $90 million stake in Russell Investments
Russell Investments, a leading outsourced CIO (OCIO) provider and global investment solutions firm, and Hamilton Lane (NASDAQ:HLNE), a leading private markets investment management firm, today announced a strategic partnership that will provide Russell Investments’ global clients with access to Hamilton Lane’s industry-leading private markets investment solutions, data-driven research, and innovative technology tools.
Michelle Seitz, Chairman and CEO of Russell Investments (Photo: Business Wire)
FTSE Russell Adds China A Shares To The FTSE MPF Index Series For First Time mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.