MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, February 12, 2008 Julius Baers New Brand as Part of IPO Rumors surrounding Julius Baer's potential IPO were given credence Tuesday. Julius Baer Holdings has filed with the SEC to offer as much $1 billion in shares of Julius Baer Americas on the NYSE. The filing also states that Julius Baer Americas will be renamed Artio Global Investors Inc., prior to the IPO. In November of this year, Baer executives said they were evaluating options for the investment management division as it did not fit with the company's private banking focus. (see: "Report: Baer to Seek IPO for U.S. Fund Shop", MFWire November 9, 2007) In a release coinciding with the filing, Baer executives it expects the IPO will be completed sometime this year. Julius Baer Americas is the parent to Julius Baer Investment Management, the company's U.S. mutual fund operation. Goldman, Sachs and Merrill Lynch are underwriting the deal. Printed from: MFWire.com/story.asp?s=17393 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |