Temple Associates
Advice for Fund Managers, Securities and Banking Firms
Showing posts with label
Mergers and Deals
.
Show all posts
Showing posts with label
Mergers and Deals
.
Show all posts
21 Aug 2023
Acquisitions can easily misfire - especially in a People business like Fund Management
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Goldman Sachs explores investment adviser sale in retreat from mass market Careful due diligence can mitigate risks associated with Acquisit...
21 Oct 2019
Fund Management Consolidation - a caveat
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Anath Capital acquires Stratton Street and will integrate the credit fund manager's $500 Mio AuM with its Garraway Capital s...
27 Sept 2017
Invesco may acquire Guggenheim ETF Biz
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All very well, consolidation, getting critical mass etc - but is 3% of AuM not a bit rich for a business with wafer-thin (and still trending...
14 Apr 2017
Softbank acquires Fortress - Marriage made in Heaven or Hell?
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There could be no greater discrepancy between the business model of these two parties. Apart from the fact that Fo...
15 Mar 2017
Merger Poker - EFG, BTG Pactual and BSI Lugano
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There is lots of talk about the need to get bigger in the Financial Services Industry. But there are plenty of potholes on the route to ...
14 Jan 2016
Another painful lesson from a disastrous Acquisition
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News that Unicredit finally has extricated itself from its exposure in the Ukraine serves as a reminder that 'Strategic Transactions...
31 Jul 2015
Buying a Hedge Fund is not so easy
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H edge fund firms are difficult to sell/buy as they depend - in general - too much on the style of a few individuals running the show. Qui...
10 Jul 2015
Future of 'Universal' Banking Model in doubt
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The sudden exit of another Bank CEO - now at Barclays Bank - is a stark reminder that managing a ...
17 Jun 2013
Co-op Bank: Slaughter of the Innocents?
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Talk of bailing-in holders of certain bonds demonstrates that investors and depositors in European Banks are well-advised to be ultra cautio...
7 May 2013
Commerzbank defeated in Bonus Fight
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All managers involved in employee compensation will be well advised to study the implications of this protracted legal case (see here and h...
14 Dec 2012
Merger Blues: Another day, another Write-off
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Now it is Legg Mason's turn to eat humble pie and write off a major junk of its investment in Permal , the hedge fund group. No blame s...
Man Group faces huge write-off on Acquisition
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It was clear to me from the outset that the decision by Man Group to acquire the hedge fund GLG was more out of desperation (to diversity, ...
11 Dec 2012
Distastrous Acquisitions
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Rumors have it that Bank Austria may lose nearly 80 pct of the more than $US 2.2 billion that it paid for Kazakhstan's ATF bank in 2007...
10 Dec 2012
FSA: Jobsworth at the controls!
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Jobsworth: "a person who uses their job description in a deliberately uncooperative way, or who seemingly delights in acting in an obst...
3 Dec 2012
Swiss-Life CEO: 'We paid too much for AWD'
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With better advice Swiss-Lif e could have saved itself a lot of money and even more bad publicity. The chances that main-stream investment ...
30 Nov 2012
HP/Autonomy: Poor Due Diligence, Poor Implementation
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This tale of woe again demonstrates that relying on number crunching accountants and fee-hungry deal brokers is the wrong approach to acquis...
22 Nov 2012
Hewlett-Packard - one poor Acquisition after another
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Hewlett-Packard could easily become Exhibit Number One for any future case studies about the dangers and pitfalls of hastily concocted acq...
7 Nov 2012
Commerzbank wins right to appeal UK bonus ruling
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This headline made me look up the details of the original court case in which a large group of employees in the former Dresdner Kleinwort ...
11 Oct 2012
Bear Stearns Deal: I am a big boy says Dimon
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You may well be a big boy many a JP Morgan Shareholder may think. But the revelation that the deal may have possibly cost JP Morgan $5 to ...
7 Jan 2012
Banks may lose Euro 1 Billion in Hungary
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A Fiat Law imposed on banks in Hungary by the 'democratic' Orban regime could cost them nearly Euro 1 billion. This is due to the se...
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