Is Julius Baer
stock coming soon to a market near you, or will the asset management firm just get bought out? In recent months the international equity manager has held discussions with asset managers interested in acquiring a majority stake in the company. Pensions and Investments
reports that Baer decided against any offers by these potential buyers but may be considering another option, according to sources familiar with the situation. Those sources tell the publication that Baer's adviser, Goldman Sachs
, has advised the company to offer a portion of the company in an IPO. Investment bankers, who wished to remain anonymous, also told the publication that Legg Mason
were among the companies interested in acquiring part of Baer.
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