"CI's operations have proven to be resilient in the face of unprecedented events," said Kurt MacAlpine , CI Chief Executive Officer.
Despite the growth opportunity implicit in the low levels of industry penetration compared with other regions, the current, extreme scenario will limit inflows to funds in Latin America as well as fees for asset managers
The acquisition, which is subject to relevant regulatory approvals, represents a key part of JTC’s ongoing growth strategy
The spike in bond yields, with 10-year rising above 1.2% and the 30-year more than doubling in the last few days, marks only the latest way that the typical correlations between assets are breaking down.
The South Korean asset manager is aiming to close the deal in coming weeks, and Anbang Insurance stays firm on completing the sale to Mirae Asset, according to the source.
For-profit ownership and private-equity backing of nursing homes, academic studies show, may weaken facilities’ staffing levels and compliance with federal standards