Ignis Takeover Bids Rejected

Life assurance firm Phoenix Group has rejected a raft of takeover bids for Ignis said to be in the region of £400 million, according to reports. According to Sky News, the bids were made at the end of last year with the news broadcaster claiming Aberdeen Asset Management

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Royal Bank of Canada takes full ownership of RBC Dexia

RBC Dexia has been bought outright by Royal Bank of Canada, which was already a 50% stakeholder, and is to be rebranded RBC Investor Services. Royal Bank of Canada acquired the remaining 50% stake of RBC Dexia from Banque Internationale à Luxembourg and now takes full ownership

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Man to acquire FRM

Man Group plc (“Man”) has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management “FRM”), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion. Man will integrate FRM with its multi-manager business. Man and

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GAM is to acquire Arkos Capital

GAM is to acquire Arkos Capital SA, an independent asset management firm regulated in Switzerland with assets under management of CHF 664 million. The transaction is expected to close before the end of the second quarter 2012, subject to regulatory approvals. Arkos manages a range of low-volatility, liquid and transparent

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