Leonard Kehnscherper

London

Asset Management Reporter at Bloomberg News

Asset Management Reporter @business. Views mine. [email protected] (Yes, my name exceeds 12-character limit).

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Articles

Allianz in Talks to Buy Private Credit Manager Capital Four

1 day ago | bloomberg.com | Leonard Kehnscherper |Silas Brown |Arno Schuetze |Stephan Kahl

Allianz SE is in talks to buy European credit manager Capital Four, people with knowledge of the negotiations said. The German insurer is holding preliminary discussions with Capital Four, the people said, asking not to be identified because the information is private. The talks could still be delayed or fall apart, the people added.
Allianz verhandelt Kauf von Asset-Manager Capital Four: Kreise

1 day ago | bloomberg.com | Leonard Kehnscherper |Silas Brown |Stephan Kahl |Arno Schuetze

Die Allianz verhandelt über einen möglichen Kauf des dänischen Investment-Managers Capital Four. Das hat Bloomberg News aus informierten Kreisen erfahren. Der Schritt würde dem Versicherer die Chance geben, sein Asset-Management-Geschäft auszubauen. Capital Four aus Kopenhagen ist stark im Bereich Private Credit aufgestellt.
TP ICAP to Buy Wall Street-Backed Bond Trading Data Firm Neptune

4 days ago | news.bloombergtax.com | Leonard Kehnscherper

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TP ICAP to Buy Wall Street-Backed Bond Trading Data Firm Neptune

4 days ago | news.bloomberglaw.com | Leonard Kehnscherper

TP ICAP Group Plc agreed to buy Neptune Networks, a financial data firm owned by some of Wall Street’s biggest banks. The British brokerage plans to combine Neptune’s data network with its credit trading platform, according to a statement on Monday. The financial terms of the deal weren’t disclosed. Neptune provides pre-trade bond market data from banks looking to sell securities to asset managers and other buyside firms.
Dai-ichi Life to Buy $1.1 Billion M&G Stake in Partnership

1 week ago | bloomberg.com | Leonard Kehnscherper |Taiga Uranaka

London. (Bloomberg) -- Dai-ichi Life Holdings Inc. and M&G Plc have struck a distribution partnership that will see the Japanese firm take a roughly $1.1 billion stake in the UK money manager. Japan’s largest listed life insurer plans to buy about 15% stake via on-market purchases, according to a statement on Friday. The stake would make Dai-ichi Life the largest shareholder of M&G, according to data compiled by Bloomberg.
Dai-ichi Life to Buy 15% Stake in UK’s M&G in Partnership Deal

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

M&G Plc has struck a deal with Dai-ichi Life Holdings Inc. that will see the Japanese insurer take a 15% stake in the UK money manager. London-based M&G will become Dai-ichi Life’s preferred asset management partner in Europe, according to a statement on Friday. The partnership is expected to generate at least $6 billion in new business flows into funds managed by M&G and $2 billion likewise for Dai-ichi Life over the next five years.
Hargreaves Lansdown CEO Olley to Step Down After CVC Buyout (1)

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper |Jan-Henrik Förster

Hargreaves Lansdown Plc Chief Executive Officer Dan Olley is stepping down following the CVC Capital Partners-led buyout of Britain’s biggest retail investment platform. Olley, who took over the top job in 2023, plans to exit his role after a three-month handover period, Hargreaves Lansdown said in an emailed statement Thursday. He will be replaced by independent non-executive director Richard Flint on an interim basis while the firm searches for a permanent successor, according to the statement.
Hargreaves Lansdown CEO Olley to Step Down After CVC Takeover

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

Hargreaves Lansdown Plc Chief Executive Officer Dan Olley is stepping down following the CVC Capital Partners-led buyout of Britain’s biggest retail investment platform. Olley, who took over the top job in 2023, told colleagues he will exit his role after a three-month transition period, a spokesperson for Hargreaves Lansdown confirmed when contacted by Bloomberg News.
UK Plans to Force Pension Funds to Invest in Private Markets (1)

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

The UK said it plans to require the country’s pension funds to invest in private markets and the domestic economy, a move widely opposed by the City of London’s investment managers. The government “will take a reserve power in the pension schemes bill to set binding asset allocation targets” for investments in private markets, the Treasury said Thursday in an emailed statement.
UK Plans to Force Pension Funds to Invest in Private Markets

1 week ago | bloomberg.com | Leonard Kehnscherper

(Bloomberg) -- The UK said it plans to require the country’s pension funds to invest in private markets and the domestic economy, a move widely opposed by the City of London’s investment managers. The government “will take a reserve power in the pension schemes bill to set binding asset allocation targets” for investments in private markets, the Treasury said Thursday in an emailed statement.