Allianz GI to acquire fixed income specialist Rogge

first_imgAllianz Global Investors (AGI) is due to acquire fixed income specialist Rogge Global Partners (RGP) in a bid to grow its fixed income client offering.The transaction involves Old Mutual and RGP management selling the entire issued share capital to AGI, although the terms were not disclosed.The acquisition is designed to further strengthen AGI’s fixed income capabilities, the asset manager said in a statement.RGP gains “a strategic partner that will offer greater distribution potential for its strategies”, it added. AGI had €427bn in assets under management (AUM) as at the end of September, with €167bn in fixed income strategies, up from €109bn four years ago – a 53% increase. RGP has €34bn in AUM, all of which is in fixed income products.Andreas Utermann, global CIO and chief executive-elect at AGI, said the two businesses were “a natural fit – in terms of both product mix and culture”. AGI has made several investments to grow its fixed income business in recent years.Most recently, it appointed Mike Riddell to lead the development of the asset manager’s UK fixed income capability. It also created an Asian fixed income team and developed its emerging market debt team.The RGP team will become part of the global investment platform at AGI.Subject to regulatory approval, the deal is expected to close by the second quarter.last_img read more

Tipp suffer one point loss to Galway for All Ireland spot

first_imgSpeaking afterwards Tipp Manager Eamon O’Shea who had already stated that this would be his last year in charge firstly paid credit to Galway adding that maybe Tipp didn’t always play with the fluency that the game required and that cost them.He added his charges tried really hard but in the end Galway got the point win. Despite a massive performance, including three goals from Seamie Callanan, the Tribesmen came out on top by the narrowest of margins on a final scoreline of 3-16 to 26 points…scoring the winning point in the dying seconds of injury time. Seamie Callanan scored an incredible 3-9 during the match, in front of a huge crowd of over 58 thousand people. The sides were level 9 times during the 70 mins…last_img read more

Man killed in suspected hit and run on Linden Highway

first_imgThe body of an unidentified man suspected to be the victim of a hit-and-run accident was on Saturday morning found along the Loo Creek, Linden-Soesdyke Highway.Based on reports received, the man’s body bore multiple injuries including to his head, left arm and leg. His body was also in a semi-nude state when he was discovered.The man was of African descent and is believed to have been in his 30s. Police were informed of the discovery and immediately launched an investigation, during which several pieces of a vehicle light were found in close proximity to the man’s body.The area, according to reports, is dangerous after dark and the distance from where the body was found to the closest village is about three miles. The body was picked up and taken to the Linden Hospital Complex to await identification and a post-mortem.The Police are continuing their investigations.last_img read more