{"id":8086,"date":"2008-07-11T00:00:00","date_gmt":"2008-07-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"fortis-sells-hedge-fund-international-asset-management","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/fortis-sells-hedge-fund-international-asset-management.html","title":{"rendered":"Fortis sells hedge fund International Asset Management"},"content":{"rendered":"<p>Reuters &#8211; Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management IAM.L as part of a strategy to bolster its balance sheet.       <\/p>\n<p>Fortis said in a statement it had sold London-based fund-of-hedge-funds manager IAM to its management, supported by certain third party investors.<\/p>\n<p>The deal would not have a material impact on Fortis&#8217; net profit per share but would give some solvency relief, it said.<\/p>\n<p>Fortis two weeks ago announced a programme to shore up its finances by 8.3 billion euros (6.6 billion pounds), partly by selling assets, after buying parts of former rival ABN AMRO.<\/p>\n<p><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/331507391\/idUKZWE93363520080710\" target=\"_self\">Read Complete Article<\/a>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management IAM.L as part of a strategy to bolster its balance sheet. Fortis said in a statement it had sold London-based [&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":[1302,1363,1371,314,1423,117,129,83,1177,95,46,1180,1370,1424],"class_list":["post-8086","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-collapse","tag-court-hearing","tag-dutch-bank","tag-finance","tag-financial-planning","tag-investment-arm","tag-losses","tag-medallion","tag-mercury-asset-management","tag-merrill","tag-oversight","tag-prime-fund","tag-shoes","tag-solvency"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8086","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=8086"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8086\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}