This combination accelerates Cigna’s enterprise mission of improving the health, well-being and sense of security of those we serve, and in turn, expanding the breadth of services for our customers
“There’s no reason that ultimately it won’t account for half the assets we manage,” Solotar said. Pressed for a timeline, she said, “I’m going to give myself a little more than five years. Let’s say 10.”
The Canadian investor, which has C$337 billion ($261 billion) in assets, is getting into promising hedge funds earlier in their life cycles to secure the ability to invest more as they expand.
The acquisition, expected to close over the coming months, is subject to customary conditions, including applicable regulatory approvals and approval of the Toronto Stock Exchange.
Under the terms of the transaction, XL Group shareholders will receive USD 57.60 per share. This represents a premium of 33% to XL Group closing share price on March 2, 2018.
Excellence in 26 Individual Fund Categories, Including Municipal Bonds, Small-Cap Equity, Long/Short Equity and Target Date Funds Also Recognized