MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 14, 2011 Is Ameriprise About to Acquire Another Fund Firm? Columbia Management parent Ameriprise [see profile]may soon be acquiring yet another mutual fund firm. In December The MFWire reported that Grail Advisors [see profile] was hunting for a "strategic partner," and in January the San Francisco-based active ETF manager revealed that it had "entered into a letter of intent" with a buyer [see The MFWire, 12/20/2010 and 1/6/2011]. Now InvestmentNews' Jessica Toonkel reports that, according to anonymous sources, an Ameriprise purchase of Grail Advisors "is imminent." The MFWire could not immediately reach Grail Advisors CEO Bill Thomas, Grail Partners managing partner Don Putnam (Grail Partners owns Grail Advisors) and spokespeople for Ameriprise for comment. Printed from: MFWire.com/story.asp?s=36549 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |