MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 6, 2008 NatCity Wraps Up Round One of Allegiant Bids The first round of bids for National City's Allegiant Funds is in. Reuters reports that the first round concluded at the end of last week. The bank will now decide which bidders will get the invite to conduct due diligence on the fund shop's books. The article did not state who the bidders were. One fund company, though, has said publicly that it is hunting for acquisitions. In an earnings call at the end of last month a Franklin Resources executive said that in the right situation the company would consider making a large purchase. Allegiant claimed $30.7 billion in AUM at March 31. Printed from: MFWire.com/story.asp?s=18969 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |