Old Mutual Asset Management Completes Sale of Five Affiliates
BOSTON, Jan. 2, 2013
BOSTON, Jan. 2, 2013 /PRNewswire/ --Old Mutual Asset Management (OMAM), the
U.S.-based global asset management business of Old Mutual plc, announced today
that it has closed the previously announced transactions to sell five of its
U.S. affiliates to their respective senior management teams. The five
affiliate asset managers are 2100 Xenon Group, 300 North Capital, Analytic
Investors,AshfieldCapital Partners and Larch Lane Advisors. These businesses
had combined assets under management of $12 billion as of September 30, 2012.
Terms of the five transactions were not disclosed. Old Mutual entered into
definitive agreements with the affiliate firms in October.
About Old Mutual Asset Management
Old Mutual Asset Management is a global multi-boutique investment
organization, managing and growing a diverse portfolio of asset managers that
serve institutional investors around the world. The assets under management
ofOMAM's affiliated investment firms were $216.7 billion as of September 30,
2012.OMAMis the name through which Old Mutual (US) Holdings Inc. conducts
its U.S. asset management business. Its parent company is London-based Old
Mutual plc. More information about OMAM, its member firms, and their
investment teams and strategies, is available at www.oldmutualus.com.
About Old Mutual plc
Old Mutual is an international long-term savings, protection and investment
Group. Originating in South Africa in 1845, the Group provides life
assurance, asset management, banking and general insurance to more than 12
million customers in Europe, the Americas, Africa and Asia. Old Mutual has
been listed on the London and Johannesburg Stock Exchanges, among others,
In the year ended 31 December 2011, the Group reported adjusted operating
profit before tax of £1.5 billion (on an IFRS basis) and had £267 billion of
funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website
SOURCE Old Mutual Asset Management
Contact: Doug Hesney, Dukas Public Relations, +1-212-704-7385 x3664,
firstname.lastname@example.org, or Zach Kouwe, Dukas Public Relations, +1-212-704-7385
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