On December 19, 2014, RIT Capital Partners plc, an investment trust listed on the London Stock Exchange, announced that it had agreed to acquire London-based specialist fund manager GVO Investment Management Limited.
On December 8, 2014, Man Group plc announced that it had reached an agreement with Merrill Lynch Alternative Investments LLC to acquire the contracts to manage a portfolio of multi-strategy and strategy-focused fund of hedge funds.
On December 8, 2014, the New Zealand Herald reported that NZX Ltd., the stock market operator, will spend up to $35 million buying the New Zealand-based fund manager and KiwiSaver provider SuperLife Ltd.
On November 19, 2014, Hudson Valley Bank announced the sale of A.R. Schmeidler & Co., Inc., Hudson Valley Bank’s wholly-owned registered investment advisor and broker dealer firm, to Pine Street Asset Management.
On November 27, 2014, the People’s Insurance Company (Group) of China announced that it had entered into an equity transfer agreement to acquire 19% of PICC Asset Management Company from MEAG Munich ERGO Asset Management for approximately $37 million, which will result in 100% ownership.