Print Article
Email A Friend
Your Opinion
News Alerts

ABN Amro sells US mutual fund business

24th April 2006
By Staff Writer

ABN Amro Asset Management has sold its US mutual fund business to Highbury Financial for $38.6 million.

The transaction involves 19 mutual funds that have $6 billion under management. ABN Amro Asset Management said that it would continue to provide investment advisory services to the funds.

The financial services group said it was planning to use the funds to intensify its efforts on the institutional market, which represents over $35 billion of core business in the US

"This is an excellent opportunity to place even greater focus on the institutional side of the business," said Interim CEO Nancy Holland of ABN Amro Asset Management.

"We are forming a strategic alliance with Highbury Financial Inc. that offers additional opportunities for distribution of our investment capabilities in the institutional market."

Print Article Email A Fiend Your Opinion News Alerts
  • Comment on this Article
Sign up to our weekly newsletters for the latest industry news & comment.
 I would like to receive Business Digest
 I would like to receive Distribution News
 I would like to receive Financial Services Digest
 I would like to receive Retail Banking News
 I would like to receive Savings & Investments News

Email Address

  • Unsubscribe details are contained within each Email
  • To subscribe simply enter your Email address in the box above and click the subscribe button
  • Read our privacy policy if you have concerns about our use of data