The fate of Morgan Stanley's Van Kampen Investments
subsidiary continues to generate media buzz. The Wall Street Journal
that Morgan Stanley "has been leaning more" toward a joint venture lately, rather than simply selling Van Kampen.
Morgan Stanley is eyeing the possibility of purchasing a minority
stake in an asset manager that would acquire Van Kampen.
Such a scenario would be similar to the BlackRock
deal in 2006, under which the wirehouse sold
Merrill Lynch Investment Managers to BlackRock in exchange
for a stake in the New York asset manager.
reported Wednesday last week that Morgan Stanley was discussing a transaction under which it would get a stake in Invesco
Aside from Invesco, other firms that would be a good fit for Van Kampen include Franklin Resources
, Aberdeen Asset Management
, Federated Investors
and Nuveen Investments
, the WSJ reported, citing analysts.
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