Cymbria files for IPO Sep 9, 2008
Trimark Financial, a fund company co-founded by Mr. Krembil in 1981, was bought in 2000 by global asset manager Invesco Ltd., an Anglo-American company formerly known as Amvescap PLC.. Its Toronto-based Canadian subsidiary, recently renamed Invesco Trimark from AIM Funds Management, has been suffering from net redemptions over the past year partly because of the departure of key managers. (Globe and Mail -- Business)
CI Financial eyes Scotiabank's mutual fund arm Aug 23, 2008
In 2005, CI Financial made a hostile bid for Britain's Amvescap PLC. It was initially interested in only the Canadian unit, but bid $7-billion cash for the entire company after its first offer was rejected. The second offer was also dismissed by the British firm's board. (Globe and Mail)
PowerShares may head north Aug 12, 2008
Invesco, formerly Amvescap PLC, based in London, was a global asset manager with independently run businesses following an acquisition spree that included buying Toronto-based Trimark Financial Corp.. "We now operate as a single investment management firm with distinct investment centres around the globe," Mr. Intraligi said, noting that the Trimark investment team is one of the centres. (Globe and Mail -- Business)
Women's Foundation gives $1 million to nonprofits Jul 18, 2008
Five other Atlanta leaders have been named to the hospital s board: Tom Asher, a civic leader who used to be executive vice president of Robinson-Humphrey Co.; Larry Klamon, former president and CEO of Fuqua Enterprises; Ann Estes Klamon, a community leader who is retired from SunTrust Bank; Neil Williams, a former managing partner of Alston & Bird and retired general counsel of Amvescap; and Frannie Graves, a civic leader who has been active with Agnes Scott College, the Atlanta Symphony... (Atlanta Journal-Constitution -- Business)
Berwin Leighton Paisner Begins Hunt for New U.S. Partners Jul 13, 2008
John Taylor, BLP's international director, is overseeing the plans to extend the firm s network elsewhere in the U.S. Taylor launched the referral network when he joined BLP in 2006 from fund manager Amvescap, where he was deputy general counsel. Under Taylor's supervision, BLP has developed international relationships with a number of law firms, either working with the firms on deals or referring work directly. (Law.com)
Manulife's D'Alessandro May Add U.S. Acquisitions in Final Year as Chief May 9, 2008
Other targets may include money manager 's Amvescap Plc, Graham said. Manulife have almost doubled over the past five years, lifting its market value to $54. (Bloomberg)
Former AIM CIO joins new Cymbria fund firm Apr 23, 2008
All three managers and Mr. Farmer worked together at Trimark Financial before Invesco, formerly Amvescap PLC, bought the publicly traded fund company in 2000. Recommend this article. (Globe and Mail -- Business)
Invesco gets a new look as its global ambition becomes a reality Apr 16, 2008
Invesco - formerly known as Amvescap PLC, based in London - had a vision of being a global asset manager, but it was really a collection of independently run businesses in North America and abroad, Mr. Almeida said. "It was a good strategy, but it wasn't being executed.". (Globe and Mail -- Business)
Q&A: Invesco CEO Martin Flanagan Apr 9, 2008
And up until last year, the company operated under the unwieldy name Amvescap, leaving its businesses handling everything from AIM mutual funds to Atlantic Trust wealth management to operate under their own names ... The parent company was called Amvescap. (Atlanta Journal-Constitution -- Business)
Eliot Spitzer's Georgia business targets Mar 16, 2008
Target: Amvescap, which is now known as Invesco ... Target: Spitzer's team accused various mutual fund companies, including an Amvescap subsidiary, of engaging in fraud related to rapid in-and-out trading, contrary to the funds' stated policies ... Outcome: Amvescap agreed to pay $451 million to settle the cases and one former Colorado-based executive agreed to a $500,000 fine and temporary banishment from the industry. (Atlanta Journal-Constitution -- Business)
AIM moves quickly to fill post Mar 5, 2008
Mr. Intraligi acknowledged there has been a "cultural shift" at the firm in recent years as AIM's publicly traded parent Invesco PLC (formerly Amvescap) has been streamlining the operations of its acquisitions, and it may be difficult for some managers to adapt to the new environment. The consistent theme among mangers who have left recently is that they are creating or becoming a part of smaller asset managers, he said. (Globe and Mail -- Business)
AIM loses Trimark star Mar 3, 2008
" Investors have been pulling money out of AIM Funds for six consecutive months, totalling $2.1-billion in outflows by the end of January. AIM is Canada's sixth-largest fund company with $41-billion in assets. Its woes are exacerbated by a move by two other departed managers, Tye Bousada and Geoff MacDonald, to form EdgePoint Capital Partners Inc. - bankrolled partly by Robert Krembil, co-founder of Trimark Financial Corp. Publicly traded Trimark, a popular fund among advisers, was acquired in... (Globe and Mail -- Business)
Wilbur Ross Above, Ambac Below Jan 27, 2008
In that time he has shaken up entire industries with his WL Ross the investment firm he founded in 2000 and then sold to the British Amvescap (other-otc: - - ). With the downfall in the financial sector, Ross, unsurprisingly, has been the among the vultures swooping in in an attempt to take advantage of the cheap investments. (Forbes)
Trimark Fund lead manager Bousada resigns Jan 9, 2008
Industry sources indicate that the managers of the Trimark funds have had a tough time adjusting to the new corporate culture after Toronto-based Trimark Financial Corp. was acquired by British-based Invesco PLC (formerly Amvescap) in 2000. Recommend this article. (Globe and Mail -- Business)
// • • • • • • • • Company In The News:• Invesco Overcomes Scandal, Poor Performance To Grow Dec 18, 2007
Another reason Invesco is little known here is that until May the holding company went by a different name Amvescap. U.S. investors are more familiar with AIM Investments, Invesco's flagship U.S. retail business. (Investors Business Daily)
Big Midtown office lease by Invesco in limbo Oct 29, 2007
Invesco (NYSE: IVZ), formerly AMVESCAP Plc, was said to be consolidating its local offices into about 125,000 square feet. It's unclear whether the company is still seeking that same amount of space at Two Peachtree Pointe. (Atlanta Business Chronicle, GA)
Northern Rock's Billionaire Buyout Oct 13, 2007
The beleaguered British bank may soon belong to a tag team of billionaires: , of Virgin fame, and billionaire investor , who has shaken up entire industries with his WL Ross the investment firm he founded in 2000 and then sold to British investment firm Amvescap. Branson's Virgin Group, which has extended its brand from airlines to retail stores to finance, and Ross are in talks with Northern Rock about a takeover and are part of a consortium including AIG Financial Products, an arm of insurer... (Forbes -- Markets)
CI Financial Offers to Buy DundeeWealth, Topping Offer From Scotiabank Sep 25, 2007
CI Financial failed in hostile bids for fund companies Clarington Corp. and Amvescap Plc in 2005. Clarington eventually agreed to be acquired by Quebec insurer Industrial Alliance Insurance and Financial Services Inc.. (Bloomberg -- Canada)
More than one way to craft a takeover Aug 30, 2007
Invesco, a huge London-based fund group formerly called Amvescap, took over Trimark seven years ago, but the marriage has always been an uneasy one. Invesco is a classic fund marketing operation: It's about sales. (Globe and Mail -- Business)
Trimark veteran MacDonald joins exodus from AIM fold Aug 23, 2007
AIM Funds Management, which has about $50-billion in assets, is a subsidiary of British-based Invesco PLC. Invesco (formerly Amvescap) acquired Toronto-based Trimark Financial Corp. in 2000. Mr. MacDonald and former colleague Keith Graham, who left in 2003 to join AGF Management Ltd., were hired by Trimark in 1998 from Ontario Teachers' Pension Plan. (Globe and Mail -- Business)
AMVESCAP Shareholders Approve All AGM Resolutions May 24, 2007
Company Renamed INVESCO PLC LONDON, May 24 /CNW/ - INVESCO PLC (formerly AMVESCAP PLC) (NYSE:IVZ) (LSE:IVZ) (TSX:IVZ) today announced that, at its Annual General Meeting held yesterday, shareholders of the company overwhelmingly approved all 13 resolutions on the ballot, including a special resolution to change the name of the company to "INVESCO PLC." The effective date of the name change was May 23, 2007 ... Our Canadian subsidiary, AMVESCAP Inc., which has Exchangeable Shares listed for... (Canada Newswire)
Money in bank stocks? May 18, 2007
Another: Amvescap , a money manager whose holdings include the AIM mutual funds. Analysts estimate that the company will earn $1. (USA Today -- Money)
Ga. 100 Stocks Apr 27, 2007
AMERICAN SOFTWARE INC A. CARAUSTAR INDUSTRIES INC. (Atlanta Journal-Constitution)
AMVESCAP Reports Results for Three Months Ended March 31, 2007 Apr 26, 2007
LONDON, April 26 /CNW/ - AMVESCAP (NYSE:AVZ) reported that operating profit increased by 27 ... "With first-quarter operating profits rising to $237.2 million, a 27.1% increase over the same period last year, higher margins, positive net fund flows, and record assets under management, AMVESCAP is making good progress in our multi-year strategic plan for the company," said AMVESCAP President and CEO Martin L. Flanagan ... AMVESCAP is a leading independent global investment manager, dedicated to... (Canada Newswire)
FTSE 100 Stocks Gain, Paced by Hanson, Amvescap; Vedanta, BHP Advance Apr 26, 2007
U.K. Stocks Gain, Paced by Hanson, Amvescap; Vedanta, BHP Rise ... April 26 (Bloomberg) -- U.K. stocks advanced, led by Hanson Plc and Amvescap Plc ... Amvescap, the owner of Aim and Invesco funds, climbed 1. (Bloomberg -- UK)
Kill the competition Apr 26, 2007
Thursday, April 26, 0730 BST. Pushing the envelope. (Times Online)
This Week's Market Movers Apr 21, 2007
Monday: Hitachi Capital, Lok'N Store and Peter Hambro MiningTuesday: AB Foods, BHP Billiton, BP, Carphone Warehouse and LonminWednesday: Autonomy, Game, GlaxoSmithKline, Reuters and WolfsonThursday: Amvescap, ARM Holdings, AstraZeneca, John David and Legal alFriday: Friends ProvidentDavid owns shares in Barclays and GlaxoSmithKline. Other Money Stories. (Sky News)
AMVESCAP PLC Announces Completion of Issuance of US$300 Million of Senior Notes Apr 18, 2007
LONDON, April 18 /CNW/ - AMVESCAP PLC (NYSE:AVZ) (LSE:AVZ) (TSX:AVZ) today announced that it has completed its issuance of $300 million of five-year senior unsecured notes ... AMVESCAP intends to use the proceeds of the offering to repay amounts outstanding under its credit facility used in January 2007 to fund the maturity of its prior issue of $300 million in senior notes due 2007, and for general corporate purposes ... AMVESCAP is a leading independent global investment manager, dedicated to... (Canada Newswire)
Shakers: Business personalities in the news Apr 18, 2007
Borsa Italiana, the company that manages the stock exchange based in Milan, is setting aside its four-year-old plan to sell shares to the public to focus on expanding its services, the chief executive, Massimo Capuano, said (International Herald Tribune -- Business Asia)
Blackstone, Apollo look to public markets to preserve legacy Apr 7, 2007
Billionaire turnaround expert Wilbur Ross took care of these questions when he sold his investment firm to Atlanta-based money manager Amvescap in July. The 6-year-old investment firm received an initial payment of $100 million, and could be valued at $375 million based on earnings benchmarks. (San Diego Union-Tribune -- Business)
Money managers get aggressive Apr 5, 2007
When Deutsche Banks fund management arm raided rival Amvescap a few weeks ago and lured away 17 money managers, it highlighted a global shake-up occurring in the formerly cautious world of fixed-income money management. Pension funds are under pressure to shift more money into bonds in order to more closely match their liabilities, but they are also trying to lift returns. (FT.com -- Markets)
Europe in decline as profits set to tighten Apr 2, 2007
Amvescap Plc fell after the mutual-fund operator was sued by three bond managers who want to defect to Deutsche Bank AG, saying they are trapped in "indentured servitude" by restrictive employment contracts. (Source: Shanghai Daily). (Xinhuanet, China)
NASDAQ Completes Transfer of QQQ Tracking Stock Sponsorship to PowerShares Capital Management Mar 22, 2007
PowerShares Capital Management, an AMVESCAP PLC company (NYSE: - ), is one of the most innovative ETF providers in the marketplace today and is the second largest issuer in the United States based on number of ETF portfolios ... We are excited by the many synergies and growth opportunities that can be achieved leveraging the PowerShares AMVESCAP global distribution network as we drive to expand availability of PowerShares QQQ for investors worldwide ... PowerShares Capital Management is a... (Primezone Releases)
US tumble on main street prompts FTSE to move into reverse gear Mar 14, 2007
Please note: Your browser has been unable to load the stylesheet that accompanies this page. The page is still readable. (Scotsman)
Jupiter to be bought out by US private equity firm Mar 14, 2007
Previous investments include AIM, the US fund manager which is now owned by Amvescap. The sale of Jupiter will bring to an end a 12-year relationship between the UK fund manager and Commerzbank. (Independent)
Colo.'s mutual funds bounce back Feb 22, 2007
He noted that Lipper's list of Colorado-based funds excludes Invesco Funds because Lipper now considers those funds to be based in Atlanta, the U.S. headquarters for Invesco's parent, London-based Amvescap Plc. At the top of the Colorado heap of 84 stock funds in year-to-date returns were two international funds. (Denver Business Journal, CO)
FTSE closes at 6357.1 Feb 22, 2007
Winners: Alliance & Leicester up 83p at 1149p, Imperial Tobacco up 40p to 2200p, Amvescap ahead 11p to 646. 5p and Old Mutual up 2p at 183. (Channel 4 News)
Fading bid talk pressures FTSE 100 Feb 17, 2007
Carolyn Dorrett, analyst at Citigroup, said this could narrow should Amvescap switch its primary listing to New York. We reiterate our buy rating on Amvescap to benefit from its significant recovery potential, scope for share buybacks, and a potential upward re-rating if its main listing were moved to US, said Ms Dorrett. (FT.com -- Markets)
Flanagan steers Amvescap up 57 Feb 14, 2007
joined Amvescap as president and chief executive in 2005 with a remit to improve peformance ... Flanagan said: Clients responding to Amvescap's investment quality and the depth and breadth of our investment capabilities has increased business momentum. (Financial News Online US)
AMVESCAP Reports Results for Year Ended December 31, 2006 Feb 13, 2007
LONDON, February 13 /CNW/ - AMVESCAP (NYSE:AVZ) (LSE:AVZ) (TSX:AVZ) reported operating profit for 2006 of $785 ... "The growing financial strength of our company during 2006 is demonstrated by record assets under management of $462.6 billion and a 57% increase in operating profits over the previous year," said AMVESCAP President and CEO Martin L. Flanagan ... "Clients responding to AMVESCAP's investment quality and the depth and breadth of our investment capabilities has increased business... (Canada Newswire)
CI Financial Income Fund Agrees to Buy Rockwater Capital for Cash, Units Feb 13, 2007
In 2005, the company failed in separate hostile bids to buy London-based Amvescap Plc and Toronto-based Clarington Corp.. GMP Securities LP advised CI on the acquisition. (Bloomberg -- Canada)
FTSE 100 closes at six-year high Feb 10, 2007
6% on rumours it may merge with fellow investment firm Amvescap. Amvescap was the third biggest climber, adding 3. (BBC News -- Business)
The Weird World of ETFs Feb 8, 2007
Since being acquired by Amvescap () early last year, the company has nearly doubled its ETF lineup, from 36 to about 70. Many of those funds, such as PowerShares Lux Nanotech Portfolio, focus on such narrow slivers of the market that they could be unduly risky for most investors. (BusinessWeek)
China's boom quarter raises rate rise fears Jan 26, 2007
"As long as it combines a moderate monetary policy and an accelerating exchange rate policy, China should be able to control inflation," said John Greenwood, chief international economist at AMVESCAP Group in London. China's economy will this year "maintain its steady and comparatively fast development," said Xie Fuzhan, the group's statistics chief. (Sydney Morning Herald -- Business)
Unbalanced, but Chinese economic monster powers ahead Jan 26, 2007
"As long as it combines a moderate monetary policy and an accelerating exchange rate policy, China should be able to control inflation," said John Greenwood, chief international economist at AMVESCAP Group in London. China's growth since joining the World Trade Organisation in 2001 "has been nothing short of spectacular", Paul Sheard, chief global economist at Lehman Brothers Inc, said in a report this month. (The Age)
Meteoric rise of ETFs Jan 23, 2007
The ETF space also now includes what PowerShares, a US player that was bought by Amvescap of the UK last year, calls intelligent ETFs. These are still rigidly quantitative investments but they follow indices that have in many cases only been drawn up so that they can be used for an ETF. With some ETFs planning to turn over their entire portfolio each year, this is not passive investing as usually understood. (FT.com -- Markets)
Ever hear of these funds? Jan 21, 2007
Top holdings are Old Republic International Corp., Dollar General Corp. and Amvescap PLC.. E-mail Andrew Leckey at andrewinv@aol. (Orlando Sentinel -- Business)
Under the radar, small funds offer promise Jan 20, 2007
Top holdings are Old Republic International Corp., Dollar General Corp. and Amvescap PLC.. Andrew Leckey is a Tribune Media Services columnist. (Orlando Sentinel -- Business)
Amvescap restructures, trims jobs Jan 18, 2007
Amvescap PLC is restructuring its North American operations, changes that will mean the loss of 85 jobs and an expanded role for Patrick Farmer, chief investment officer of Canadian operations ... Amvescap's U.S. operations, meanwhile, will trim 50 positions from a payroll of about 1,600 ... The bulk of job cuts are administrative and support staff and investment operations will not be affected, said Phil Taylor, Amvescap's senior managing director, in an interview. (Globe and Mail -- Business)
City jitters over base rate hike Jan 7, 2007
Of the three who said rates should stay on hold, one, John Greenwood of Amvescap, favoured a hike next month. The two others, Kent Matthews of Cardiff Business School and Peter Warburton of Economic Perspectives, had no bias to hike. (The Sunday Times)
Power Financial Says It May Buy Putnam From Marsh; No Agreement Reached Jan 5, 2007
UniCredito Italiano SpA and Amvescap Plc were among other bidders, according to published reports. The announcement was made after the close of regular U.S. trading. (Bloomberg -- Canada)
Bid failure lifts Amvescap shares Jan 1, 2007
Shares of Amvescap surged on an otherwise sleepy London market yesterday amid reports that it had lost the race to buy Putnam Investments, the fund management arm of Marsh nan, the professional services company. Amvescap investors were relieved to learn that a Canadian company had agreed to buy Putnam for $3 ... 9 billion (2 billion), beating offers made by Amvescap and UniCredito Italiano. (Times Online)
