Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Who Will Buy Claymore? Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, November 18, 2011

Who Will Buy Claymore?

News summary by MFWire's editors

Claymore Investments Inc., is reportedly fielding offers from local banks in Canada as well as a fund shop south of the border, the Globe and Mail reports.

Potential suitors for Canada;s second-largest purveyor of exchange-traded funds and a unit of Guggenheim Partners LLC [see profile], include: Invesco PowerShares Capital Management LLC [see profile]; Bank of Montreal, which acquired Milwaukee-based Marshall & Ilsley earlier this year; and Royal Bank of Canada. Claymore currently manages some $6.6-billion in assets, Bloomberg News reported this week. Som Seif, chief executive officer of Claymore, publicly said he will “not comment on rumors.”

Last week, Seif was part of an open discussion hosted by the pub in which he denounced active ETFs. "I personally believe that traditional active management doesn't make sense in an ETF structure," he said. 

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use