Image Image Image Image Image

News & Resources

24

Oct

Wells Fargo Asset Management Completes Acquisition of Analytic Investors, LLC

  • By valores485

DOWNLOAD PRESS RELEASE (PDF)

SAN FRANCISCO, October 4, 2016 — Wells Fargo Asset Management (WFAM) announces today the completion of its acquisition of Analytic Investors, LLC on October 1, 2016.

Established in 1970, Analytic Investors is a $15 billion investment management firm offering a range of active quantitative equity investment solutions, including risk reduction, relative benchmark, and absolute return strategies. Today’s milestone follows the August 8, 2016, announcement of the agreement for WFAM to purchase Analytic Investors. The Los Angeles based firm now joins Wells Fargo’s global asset management division that oversees more than US$481 billion in assets under management.*

Financial terms of the agreement have not been disclosed. Wells Fargo Securities served as exclusive financial advisor to Wells Fargo Asset Management in connection with the transaction, with Sullivan & Cromwell serving as legal counsel. Analytic Investors was assisted by financial advisors Colchester Partners and Valores Capital Partners. Legal counsel was provided by Proskauer Rose.

About Wells Fargo Asset Management
Wells Fargo Asset Management, a division of Wells Fargo Wealth and Investment Management, strives to help clients achieve their financial goals through top-tier investment solutions managed by specialized investment teams that are supported by independent risk management and backed by superior, collaborative service. With more than $481 billion in assets under management,* Wells Fargo Asset Management has 29 autonomous investment teams with specialized expertise and proven processes; more than 500 investment professionals; and a global reach with offices and clients around the world.

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

* As of June 30, 2016

Media inquries:

Pete Greenley
415-222-0102
peter.greenley@wellsfargo.com

31

Mar

Valores advises Brookfield on sale of insurance asset management business to Conning

  • By valores485

DOWNLOAD PRESS RELEASE (PDF)

Conning to add experienced investment team and increase assets under management, reinforcing its leadership in insurance asset management

HARTFORD, CT – March 31, 2014 — Conning, Inc. (“Conning”) a leading global insurance asset management firm announced that it has reached a definitive agreement with Brookfield Investment Management Inc. (“Brookfield”) to acquire certain assets of Brookfield’s Core Fixed Income Insurance Business, reinforcing Conning’s position as one of the top insurance asset managers globally. In addition, the investment team currently managing these assets will join Conning in a newly formed Manhattan investment office, providing clients with complete continuity in the management of their portfolios. Financial terms of the transaction were not disclosed.

The transaction signals Conning’s continued commitment to serve the insurance industry and adds meaningful scale to its North American operations. Upon completion of the transaction, these insurance clients – including Property/Casualty and reinsurance companies – will be managed under the Conning brand, with full access to the firm’s state-of-the-art insurance-focused asset management platform, insurance research, and risk management capabilities. There will be no change to the investment team overseeing client relationships.

“This transaction is a natural extension of our core investment platform, providing us additional expertise to service our clients. We are excited to have Brookfield’s experienced and respected team of insurance asset management professionals join Conning,” said Woody Bradford, President and Chief Executive Officer of Conning. “Our investment philosophy and culture of exceptional client service are very closely aligned.”

The team joining Conning — led by Joseph Syage and Dominick Bonanno — will integrate with Conning’s U.S. portfolio management group. Brookfield’s team brings an extensive network of long-standing industry relationships, strong investment performance results, and more than 30 years of insurance asset management experience.
“Our team is excited to become part of the Conning organization,” said Joseph Syage, Managing Director and head of Brookfield’s insurance asset management group. “We believe this will be a seamless transition for our clients given Conning’s deep resources, investment experience and capabilities, and we look forward to future growth opportunities for our team. Importantly, this is a perfect cultural fit.”

The transaction is expected to close in the second quarter of 2014, subject to customary closing conditions.

About Conning
Conning (www.conning.com) is a leading investment management company for the global insurance industry, with almost $83 billion in assets under management as of December 31, 2013, through Conning, Inc., Conning Asset Management Limited, Cathay Conning Asset Management Limited, and Goodwin Capital Advisers, Inc. The company’s unique combination of asset management, risk and capital management solutions and insurance research helps clients achieve their financial goals through customized business and investment strategies. Founded in 1912, Conning is focused on the future, providing clients with innovative solutions, leveraging its global capabilities, investment experience, and proprietary research. The company is headquartered in Hartford, Connecticut, with additional offices in Purchase, London, Cologne, and Hong Kong.

# # #

Media Contacts:


Teri James
Conning
+1 860-299-2335 (direct dial)
teri.james@conning.com

Katrin Lieberwirth
Stanton Public Relations & Marketing
+1 646-502-3548 (direct dial)
klieberwirth@StantonPRM.com

15

Jan

Valores advises Concordia Advisors on merger with Mariner Investment Group

  • By valores485

DOWNLOAD PRESS RELEASE (PDF)

NEW YORK, N.Y., January 15, 2013 – Mariner Investment Group today announced that it is entering into a merger agreement with Concordia Advisors, an alternative asset manager with offices in New York City and London. Concordia, founded in 1993, currently manages several commingled funds and separate accounts with a focus on relative value trading in the rates, credit, and equity markets. The firm manages $1 billion of client assets and employs 18 investment professionals.

Mariner’s infrastructure and business operations will absorb all of the business operations of the Concordia business following the merger. The teams will work together to ensure an orderly transition, so that going forward, Mariner will provide information technology, risk management, back office (including trade processing and settlement), marketing, investor relations, legal, compliance and other business services to the Concordia funds in the same way that it manages its current funds and separate client accounts.

Following the merger, Concordia’s investment teams and selected support staff will join Mariner’s registered investment adviser starting early in 2013. Specifically, Concordia’s portfolio managers Arun Puri, John Eckert (G10 Rates); James Wise and Chris Dillon (Municipals); and Jason Cheung (Equities), will continue to manage their respective funds under the Mariner brand.

Basil Williams, Concordia’s CEO and portfolio manager of its multi-strategy mandates, will become Mariner’s Deputy Chief Investment Officer and will serve on Mariner’s Investment Committee and Management Committee. He will continue to manage the multi-strategy mandates of Concordia, and will participate in Mariner’s investment activities as well, working closely with Mariner’s founder and CIO, William J. Michaelcheck. Mr. Williams has more than 20 years experience successfully managing fixed income‐related trading portfolios. He began his career with Merrill Lynch & Co. in 1980, where he was responsible for the development of its New York sales trading teams in fixed income futures and options. In 1988, he joined Barclay Investments, a broker dealer, which provided quantitative analysis of global fixed income markets. In 1994, Mr. Williams became affiliated with Concordia as head of its fixed income trading group, and in 2006 was appointed Concordia’s CEO. Mr. Williams holds an MBA in Finance from New York University and a BA in Applied Mathematics from Brown University.

“Basil is a consummate investment professional who understands the opportunities and risks that alternative asset managers face in a variety of market environments. Basil and the Concordia portfolio trading teams are a welcome addition to Mariner’s business. The synergy of our views and experience will enhance Mariner’s skilled team of investment professionals and offer our clients additional resources and investment opportunities,” commented Bracebridge Young, Mariner’s Chief Executive Officer.

“Becoming part of the Mariner organization enables our portfolio teams to focus on delivering the desired investment results for our clients while benefiting from infrastructure efficiencies that a larger institutional quality firm can provide,” said Williams.

Valores Capital Partners served as exclusive financial advisor to Concordia in the transaction. About Mariner Investment Group, LLC Mariner Investment Group, LLC, is an SEC registered investment advisor and manages approximately $10.2 billion of assets together with its affiliates consisting of several direct and affiliated single and multi‐strategy hedge funds, funds of funds and other alternative investments. Founded in 1992, Mariner employs approximately 180 people in New York, Boston, London, Tokyo, Seoul, Philadelphia, Harrison (NY) and Rowayton (CT).

For Media Inquiries:

David Press
Tel: (917) 721–‐7046
david@feverpress.com

19

Nov

Specialist Advisory Boutique Valores Capital Partners Launched With Focus on Financial Services Sector

  • By valores485

DOWNLOAD PRESS RELEASE (PDF)

NEW YORK and MUMBAI, November 19, 2012 – Valores Capital Partners LLC, a specialist boutique merchant bank with offices and senior personnel in New York and Mumbai, is pleased to announce its formation. Valores is focused on “high growth/high margin” businesses within the global financial services sector and offers its clients high quality, independent advice on M&A and strategic matters critical to their growth and success.

Within the financial services sector, Valores has a dual focus. One is the global investment management industry and affiliated sectors such as brokerage, financial technology and service providers to the investment community including administrators/custodians, index providers and analytics companies. The second is a broader financial institutions focus in India and ultimately, developing Asia. Valores provides M&A and corporate finance advisory services including private capital raising and also works selectively with clients on high-level strategic issues.

Karamvir Gosal, the firm’s founder and managing member, previously served as a senior banker within the financial institutions groups at Jefferies, Credit Suisse, and Putnam Lovell and advised on several U.S. as well as cross-border transactions involving Asian financial companies. C.L. Handa, Valores’ managing director in India, previously was head of SBI Merchant Banking in New Delhi, the investment banking arm of State Bank of India, the country’s largest bank. He also served as head of Southeast Asia for SBI and was managing director at Sobhagya Capital, a leading Indian boutique investment bank.

Hal Strong and Phil Maisano, two veteran investment management industry executives, serve as senior advisors to Valores. Mr. Strong, an operating executive with private equity firm Genstar Capital, is a former vice chairman, COO and CFO of Russell Investments. Mr. Maisano is a former vice chairman and chief investment officer at Dreyfus and chief investment strategist at parent company BNY Mellon Asset Management.

“Faced with shifting investor preferences, heightened macro event risks and uncertain and somewhat schizophrenic markets, investment managers are facing a unique set of challenges,” Mr. Gosal said. “Moreover, the higher growth and savings rates and increasing share of world financial assets of the developing markets, coupled with their unique market structures and nascent stage of development has profound implications for global financial players, particularly asset and wealth managers. With our deep domain knowledge, extensive transaction and operational experience, broad network of relationships, and on- the-ground presence in both North America and Asia, Valores is well positioned to offer our clients strategic advice in both their home markets and internationally. We’re also delighted to offer our expertise to clients attracted by opportunities in developing markets that are both rapidly growing and highly complex to navigate successfully.”

About Valores Capital Partners LLC
Valores Capital Partners is a global advisory boutique firm focused on the financial services sector. With offices in New York and Mumbai, Valores Capital Partners provides M&A, private capital raising and strategic advisory services, focusing on the traditional and alternative asset management industry worldwide, affiliated financial services sectors, and the broader FIG industry in India and developing Asia. Securities related services offered by our New York office through M&A Securities Group, Inc., member FINRA/SiPC. M&A Securities Group and Valores Capital Partners LLC are not affiliated entities. For more information, please visit our website at www.valorespartners.com.

###

Contact:


Rich Chimberg
CL-Media Relations, LLC
1-617-244-9007 (work)1-617-312-4281 (mobile)
rich@cl-media.com

Sarah Lazarus
CL-Media Relations, LLC
1-978-369-4478 (work)
1-617-335-7823 (mobile)
sarah@cl-media.com