POWERED BY MOMENTUM MEDIA
Macquarie tipped to buy US asset management group
Reports out of the US are pointing to the possible acquisition of asset management group Delaware Investments by Macquarie Funds.
Delaware Investments is an asset management company based in Philadelphia that offers products and services to institutional and retail markets. The group manages more than $120 billion in assets and has more than 150 portfolio managers, analysts and traders.
Delaware Investments is the asset management arm of Lincoln Financial Group, also known as the Lincoln National Corporation, listed on the New York Stock Exchange.
While these two groups have had a 14-year relationship, it appears Lincoln is looking to sell assets to improve its balance sheet. Lincoln Financial Group last week reported a net loss of $161 million for the second quarter of 2009.
There has been no public indication of the price Macquarie might pay for the acquisition, nor when it is tipped to occur. Aberdeen Asset Management has also been reported to be in the running on the deal, however it appears to have now pulled out of the race.
Delaware Investments provides asset management services for institutional investors, such as pension funds, as well as for third-party clients including banks and insurance companies, among others.
The group offers products including managed accounts, insurance products, retirement products and mutual funds to its retail client base. While the group communicates directly with its retail clients, it also refers them to advisers where required.
Lincoln Financial Group is a diversified financial services company also based in Philadelphia. With Delaware on its books, the group has $181 billion in assets under management.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
