Ameriprise Financial has reached a definitive agreement to acquire J. & W. Seligman & Co. for $440 million. The transaction is expected to be completed in the fourth quarter of this year. According to an announcement from Ameriprise, Seligman will retain its management teams and brand names, but will now operate under the umbrella of RiverSource, Amerprise's U.S. investment management division…
Baron Funds introduced Baron Retirement Income Fund. Ron Baron, who manages Baron Retirement Income Fund, says it will operate much like a college endowment, paying investors a minimum distribution of 4% of net assets per share each year, which they may choose to receive or reinvest…
Schroders has launched the Schroder Alternative Solutions Gold and Metals Fund, co-managed by Robert Howell and Paula Bujia, meant to offer investors a pure exposure to gold and other metals in a "long-only, unleveraged, actively managed, index-unconstrained fashion." The Fund has a return objective of outperforming a benchmark comprising of 75% of the Rogers metals Total Return Index and 25% Rogers Gold Total Return Index, with lower volatility…