NIKKEI 225
37,675.71 -784.37 (-2.04%) HANG SENG
17,295.93 +94.66 (+0.55%) CRUDE OIL
82.90 +0.09 (+0.11%) GOLD FUTURES
2,324.60 -13.80 (-0.59%) DOW
38,460.92 -42.77 (-0.11%) Bitcoin GBP
51,570.02 -1,937.74 (-3.62%)
Anima Holding SpA (0QTI.IL)
- Reuters
Anima sees net outflows, while Fineco, Mediolanum post inflows
Unlike Anima, Fineco and Mediolanum are banks meaning they gather deposits and also sells securities which they then administer on behalf of clients. Anima only manages investment funds which it distributes through banks, while Fineco and Mediolanum rely on networks of financial advisers. Anima, whose main shareholder is Italy's third largest bank Banco BPM, said net outflows totalled 286 million euros ($311 million) last month, after outflows of 470 million euros in January.
- Reuters
Italy's Anima signs binding deal to buy Julius Baer's Kairos
Italian asset manager Anima Holding said on Thursday it has signed a binding agreement to acquire all of smaller peer Kairos from Swiss private bank Julius Baer. Under the deal, which is expected to be completed by the second quarter of next year, Anima will pay up to 20 million-25 million euros ($21.7 million-$27.1 million), equal to Kairos' excess capital, the statement said. It added that the price may be subject to adjustments related to the trend in assets under management.
