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