Columbia Threadneedle to acquire Emerging Global Advisors

Columbia Threadneedle Investments has signed an agreement for Columbia Management Investment Advisers to purchase New York based boutique Emerging Global Advisors (EGA).

EGA provides investment advisory and smart beta portfolios focused on emerging markets and had $892m (€781.6m) in assets under management as at end April 2016.

It is also running nine emerging markets equity ETFs.

In a statement, Columbia Threadneedle said the transaction is expected to close later this year.

Ted Truscott, chief executive officer of Columbia Threadneedle Investments, said : “The experience and knowledge of the EGA team and strong emerging markets ETF products will complement our existing actively managed product lineup.

“The EGA acquisition will allow us to reach even more investors and accelerates our efforts as we build our smart beta capabilities.”

“Columbia Threadneedle Investment’s expansive footprint across global markets provides an opportunity to accelerate the growth of our smart beta platform,” added Robert Holderith, president and founder of EGA.

Columbia Threadneedle Investments managed $464bn(€406.6bn) in assets as at end March 2016.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!