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

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

Rating:Delaware Buys a 20-Year-Old Shop in Gotham Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 09, 2015

Delaware Buys a 20-Year-Old Shop in Gotham

News summary by MFWire's editors

Shawn Lytle and his team are acquiring a 20-year-old domestic growth manager in New York City.

Shawn Lytle
Delaware Investments
President
Lytle, president of Philadelphia-based Delaware Investments [profile], confirms that in the first quarter of 2016 the Macquarie subsidiary will buy Bennett Lawrence Management, which had more than $330 million in AUM as of September 30. Bennett Lawrence Founders Jane Fisher and Van Schreiber will both join Delaware as part of the deal, Fisher as the team's investment specialist and Schreiber as a senior PM. Bennett Lawrence will be Delaware's seventh equity investing boutique.

Bennett Lawrence's Alexander Ely will lead the team as chief investment officer, reporting to Lytle. Other members of the team include equity analyst Traver Davis, senior equity analyst Nate Mahrer, senior equity analyst Dina Pilotis, and equity analyst Amy Zhang. Ely will co-PM the all-cap growth strategy and PM the small-cap growth and mid-cap growth strategies. Under Delaware, the Bennett Lawrence team will continue to do subadvisory work and offer separate accounts.

Lytle describes Bennett Lawrence as "a strong fit" in Delaware's "multiboutique equity structure."

As of September 30, Delaware had $165 billion in AUM, and all of Macquarie had $354 billion.

The Australian Financial Review (Macquarie is an Australia-based multinational), the Philadelphia Business Journal, the Philadelphia Inquirer, and Pensions & Investments all covered the deal. 

Edited by: Neil Anderson, Managing Editor


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
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. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use