Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Banking

Lazard in talks to buy hedge fund Brigade Capital Management: Bloomberg News

2021 11 01T211506Z 2 LYNXMPEHA01PX RTROPTP 4 LAZARD RESULTS - Global Banking | Finance

(Reuters) – Investment bank Lazard Ltd is in advanced talks to acquire hedge fund firm Brigade Capital Management, Bloomberg News reported on Monday, citing people with knowledge of the matter.

The news comes at a time when asset managers are exploring ways to bolster their profitability amid fierce competition and lower fees from the switch towards more passive investing by investors.

Last week, Asset management firm T Rowe Price agreed to buy fund manager Oak Hill Advisors in a $4.2 billion cash-and-stock deal.

Founded in 2006 and led by Don Morgan, Brigade Capital’s deal with Lazard will add to its asset management business, the report said.

Both companies did not immediately respond to Reuters request for comment.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Arun Koyyur)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post