US - US-based Asset management company Affiliated Managers Group (AMG) is set to buy one of Canada's largest independent asset management firms, First Asset Management, for CAN$306m.
Under terms of the transaction, AMG will acquire 100% ownership of the firm and its CAN$29bn in assets under management, along with its affiliates. The total cost includes about 90% in cash and ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date