PE firm Warburg Pincus to acquire a 49% stake in China’s Fortune SG Fund Management from Lyxor AM; Swiss hedge fund firm Gottex AM loses its HK asset management licence; SSGA seeks an APAC head of asset stewardship; LGIM names Danny Kwok as APAC head of equity trading; a Hong Kong Manulife employee receives Guinness World Records title as “the longest career as a corporate salesperson”; and more…
Tag: Warburg Pincus
Pioneer Investments, Santander AM to merge
The deal will create a holding company, named Pioneer Investments, with combined assets under management worth €400bn ($431.7bn). According to the deal, UniCredit and private equity firms (Warburg Pincus and General Atlantic) each will own a 50% stake in the holding company, which will in turn own 100% of Pioneer’s US business. For businesses outside […]
