{"id":6419,"date":"2007-08-13T00:00:00","date_gmt":"2007-08-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"threadneedle-buys-convivo-for-476-million-to-boost-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2007\/threadneedle-buys-convivo-for-476-million-to-boost-hedge-funds.html","title":{"rendered":"Threadneedle Buys Convivo for $476 Million to Boost Hedge Funds"},"content":{"rendered":"<p>Bloomberg- Threadneedle Asset Management Ltd., the London-based money manager owned by Ameriprise Financial Inc., agreed to buy Convivo Capital Management Ltd. to expand its emerging-markethedge-fund business.<\/p>\n<p>  Julian Adams, chief executive officer of Convivo, will join Threadneedle and run the company&#8217;s emerging-market debt business, the fund-management company said today in an e-mailed statement.  Threadneedle didn&#8217;t say how much it will pay for Convivo.<\/p>\n<p>  Threadneedle is adding Convivo&#8217;s $476 million in managed assets and expects to have about $3 billion in its hedge funds when it completes the acquisition. The company&#8217;s managed assets in emerging  markets are set to rise to $10 billion.<\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/www.bloomberg.com\/apps\/news%3Fpid%3D20601102%26sid%3DaQyGsuD1AdwQ%26refer%3Duk&amp;cid=1119349917&amp;ei=hCHARoiGIYT0rQOpm_yKDw\"><strong>ReadComplete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg- Threadneedle Asset Management Ltd., the London-based money manager owned by Ameriprise Financial Inc., agreed to buy Convivo Capital Management Ltd. to expand its emerging-markethedge-fund business. Julian Adams, chief executive officer of Convivo, will join Threadneedle and run the company&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6419","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6419"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6419\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}