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FYI: When insurance company MassMutual spent $150 million to acquire OppenheimerFunds almost 30 years ago, it could not have known how stunningly successful the investment would turn out to be. Now it’s on the verge of executing another transaction — one that reflects the more difficult reality that asset managers are facing today. Regards, Ted
Suspect goverment regulations part of MassMutual problem
"Oppenheimer eventually swelled to some $230 billion in assets. In spite of that success, MassMutual put the firm on the sale block, reasoning that OppenheimerFunds would need a bigger investment than the insurer was willing to make to effectively compete in an industry facing long-term headwinds."
Comments
"Oppenheimer eventually swelled to some $230 billion in assets. In spite of that success, MassMutual put the firm on the sale block, reasoning that OppenheimerFunds would need a bigger investment than the insurer was willing to make to effectively compete in an industry facing long-term headwinds."
https://www.institutionalinvestor.com/article/b1ff53twv05b0n/Why-MassMutual-Chose-to-Sell-Oppenheimer-Funds
Regards,
Ted