Franklin Resources has reached a definitive agreement to buy US multi-boutique asset management group Legg Mason.
The US distressed debt will access directly the Chinese non-performing loan market.
The investment firm backed by the Dentressangle holding company makes the sixth investment of its second-generation fund, in Germany.
Jupiter acquires Merian in an upfront equity deal worth £370m (€445m).
Jupiter AM confirmed ongoing discussions in a statement on 15 February.
In 2019, the asset manager voted against 48% of these resolutions and abstained on 7% of them worldwide, and on 30% and 8% in France.
As the German funds industry posted record assets under management of €3.4trn (15% increase from 2018), trade association BVI pointed out that EU’s overregulation is hurting asset managers’ competitiveness.
The Paris-headquartered asset manager posted €1.65trn in assets under management as of end 2019.