US - The Merrill Lynch Investment Managers (MLIM) executives leading the buyout of the firm's Los Angeles-based business will use the group's former Hotchkis & Wiley name, once the deal is finalised at the end of this month.
The new firm, Hotchkis & Wiley Capital Management, expects to have about $4.5bn in assets under management once the deal closes. Hotchkis & Wiley plans to ask shareholders to merge existing Merrill...
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