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Macquarie to buy US$12.3B in assets of First Investors Funds

Apr. 09, 2019 11:28 AM ETMacquarie Group Limited (MCQEF) StockMCQEFBy: Liz Kiesche, SA News Editor
  • Macquarie's (OTCPK:MCQEF) investment management division agrees to buy the assets related to the mutual fund management business of Foresters Investment Management.
  • The acquired assets will become part of Delaware Funds by Macquarie family of funds.
  • The transaction is expected to close in Q4 of calendar 2019.
  • Separately, Cetera Financial plans to buy select assets of the U.S. brokerage and advisory business of Foresters Financial Services.

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